2nd Quarter 2014 Markets In the second quarter of 2014 major asset class performance was positive. The Dow was up 2.4%, the S&P up 4.7%, and the NASDAQ up 5%. International equities nearly kept pace with US equities; the MSCI ACWI ex US was up 3.8%. MSCI Europe was up 1.9%, and MSCI Pacific was up 5.2%. Emerging market equity indices rebounded from recent underpe ...