RCI.B:CC - Stocks Heighten on Last Day of Quarter
Stocks rose Friday as Wall Street wrapped up a volatile, but winning quarter that saw more Federal Reserve rate tightening and a mini-financial panic spurred on by the collapse of Silicon Valley Bank.
The Dow Jones Industrials leaped 233.68 points to 33,092.71.
The S&P 500 hiked 33.37 points, to 4,084.20.
The NASDAQ grabbed 127.45 points, or 1.1%, to 12,140.92.
The market got a slight boost Friday after the Federal Reserve's preferred inflation gauge showed a less-than-expected increase in prices.
The core Personal Consumption Expenditures index, which excludes energy and food costs, rose 0.3% in February, less than the 0.4% expected by economists polled by Dow Jones.
The S&P 500 has gained 5.5% and NASDAQ is ahead 14.8%, for the first quarter through Thursday's close. The Dow is down slightly. For the month the S&P 500 is better by 2% and NASDAQ has gained 4.9%. The Dow, meanwhile, is up 0.6% through Thursday's close.
Prices for the 10-year Treasury were higher, lowering yields to 3.52% from Thursday 3.55%. Treasury prices and yields move in opposite directions.
Oil prices moved higher 92 cents to $75.29 U.S. a barrel.
Gold prices docked a dime to $1,997.60 U.S. an ounce.
Stocks Heighten on Last Day of Quarter