Major U.S. indexes
The first quarter of 2018 (Q1-2018) showed negative performance for the broader U.S. equity market, as the S&P, DJIA and NASDAQ closed down 3.4 percent, 3.9 percent and 0.8 percent, respectively, for the quarter. In the LTM period ending March 29, the S&P, DJIA and NASDAQ closed up 11.5 percent, 15.4 percent and 17.6 percent, respectively.
Food and beverage relative performance
As of March 29, 2018, four of the five food and beverage segments exhibited decreases in market performance on a trailing 12-month basis. These decreases were largely attributable to uncertainty in public equity markets and legislative actions related to the revision of the U.S. tax code.
The beverage segment performed the best of the five food and beverage segments. This segment exhibited stock gains of 3.3 percent, lagging the strong performance of the S&P 500 index’s 11.5 percent increase during the observed period.