Market Snapshot: Stock market at crossroads after strongest quarterly rise in a decade

Past performance is no guarantee of future results — many investors know that boilerplate warning by heart. They should keep it in mind when it comes to the second quarter.

That’s not because stocks are necessarily destined to fall. But after a barnstorming start to the year that saw the S&P 500 SPX, +0.67% on Friday close the books on its strongest quarterly advance in a decade, gains are at least likely to be harder to come by. And the factors that drove that first quarter performance may be unlikely to carry the day in the months ahead.

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