Odds are that the stock market will have a pretty good fourth quarter, but it’s almost certain to be a volatile one.
The third quarter ends Tuesday, with the Nasdaq outperforming with a more than 2 percent gain, and the small-cap Russell 2000 lagging with a more than 6 percent loss. The Dow was up 1.4 percent for the quarter, and the S&P 500 was up about 1 percent.
Monday’s market was rocky, with stocks losing more than a percent, before erasing the steepest losses. It is the eighth of 10 days, in which the Dow has had a triple-digit move in either direction. The Dow finished the day down 41 points at 17,071, and the S&P 500 was off 5 at 1,977.