All major indexes closed in positive territory, wrapping up a big week of gains. The S&P 500 gained 1.4% while the Dow advanced 281 points, or 1.2%. The Nasdaq Composite closed 0.8% higher.
closed 0.8% higher at 8,153.58. The U.S. stock market will be closed Friday due to Good Friday.
"It's been a strong week in equities and probably for good reason," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "Many stocks were widely considered to be in oversold, and then you've got policy assistance that's in motion at the Fed and in fiscal policy." The Fed announced a slew of programs, including loans geared towards small and medium sized businesses, that will total up to. The central bank also gave more details on its plans to buy investment-grade and now even junk bonds.
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