The Dow Jones Industrial Average, a composite of the nation’s top 30 stocks by market capitalization, recorded its best first quarter results since 1998. The DJIA, which ended Thursday at 12,319.73, closed up 742.22 points, or 6.41%, in the first quarter of 2011 and was up three consecutive quarters and seven of the last eight.
"It shows that investors are once again comfortable with risk," say David Krein (left), senior director of product development and analytics of Dow Jones Indexes. "They've absorbed the recent geographical events and understand what it means. From a behavioral standpoint, they're good at digesting the implications to their portfolio."