U.S. stocks rallied on Friday to end a rocky month higher, while the Nasdaq also posted its best quarterly gain since 2020. The Dow Jones Industrial Average jumped about 414 points, or 1.3%, ending near 33,273 on Friday and up 1.9% for the month.
U.S. stocks rallied on Friday to end a rocky month higher, while the Nasdaq Composite also posted its best quarterly gain since 2020. The Dow Jones Industrial Average DJIA, +1.26% jumped about 414 points, or 1.3%, ending near 33,273 on Friday and up 1.9% for the month, according to preliminary FactSet figures. The S&P 500 index SPX, +1.44% and Nasdaq Composite Index COMP, +1.74% posted higher daily gains of 1.4% and 1.7%, respectively, which elevated their monthly gains to 3.5% and 6.7%.
Investors in stocks largely looked past turbulence earlier in March after the Federal Reserve acted to calm markets following the sudden collapse of Silicon Valley Bank and Signature Banks. The Fed opened a new facility for banks to tap for liquidity with the aim of preventing forced asset sales, if other banks experience sharp deposit outflows. Friday also marked the end of the quarter, with the Dow and S&P 500 both posting back-to-back quarterly gains. The Nasdaq booked a 16.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq set for best quarter since 2020, latest inflation data a boostSigns of cooling inflation bolstered hopes the Fed might soon end its aggressive interest rate hikes.
Read more »
As COVID-19 Protections End, LA Renters And Landlords Brace For Possible Eviction WavePandemic-era eviction protections in place since March 2020 expire across L.A. County on Friday.
Read more »
STOCK MARKET NEWS: Nasdaq climbs, Roku, EA layoffs, GDP dips, Yellen on banksStocks continue gains as Nasdaq leads, Roku, Electric Arts join layoff list, 4Q GDP revised lower and Treasury Secretary Janet Yellen says banks may need more reform. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
7 CHP officers and nurse charged in 2020 death of Burbank man in AltadenaEdward Bronstein told the officers several times that he couldn’t breathe.
Read more »
Harrisburg man receives 25 years in prison for shooting of 19-year-old in 2020Frank Morris, 52, received the state prison sentence amid a packed—and firmly divided—courtroom on Wednesday.
Read more »