Stocks rose sharply at the open on the first day of March, as Wall Street built on its best start to a year in nearly three decades.
div > div.group > p:first-child"> The Dow Jones Industrial Average jumped 200 points as shares of Nike and Boeing outperformed. The S&P 500 climbed 0.7 percent, led by gains in the consumer discretionary and tech sectors. The Nasdaq Composite also advanced 0.7 percent.
This could mean further gains for investors as the year goes on. Data compiled by LPL Financial show that, in 25 of 27 occasions since 1950, the S&P 500 has posted gains in the final 10 months after rising in January and February. Bloomberg News reported Thursday that U.S. officials are getting a final trade deal ready for President Donald Trump and Chinese President Xi Jinping to sign around mid-March.
But while stocks have been on a tear the first two months of the year, they have traded in a tighter range recently. The S&P 500 was down for the week through Thursday's close as the index tries to break above 2,800, a level closely watched by investors and traders.
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