Market Extra: The biggest third-quarter winners were technology and… Austria

The third quarter was a transitory one for the U.S. stock market, as investors grappled with the fallout of second-quarter events—include the shock of “Brexit” in June—and looked ahead to the fourth quarter, when a number of game-changing events—including the U.S. presidential election and a likely interest rate hike from the Federal Reserve—will occur.

The S&P 500 SPX, +0.80% rose 3.3% over the course of the quarter, the kind of slow grind higher that is indicative of a market where strong buying catalysts may have been few, but where low rates and concerns over low bond yields made equities look comparably attractive.

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