Markets Right Now: Stocks end a rocky quarter with a bang - InfoNews

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Markets Right Now: Stocks end a rocky quarter with a bang

FILE - This July 6, 2015, file photo shows a sign for Wall Street carved into the side of a building in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, March 29, 2018. (AP Photo/Mark Lennihan, File)
March 29, 2018 - 1:12 PM

NEW YORK - The latest on developments in financial markets (all times local):

4 p.m.

Stocks are closing out a volatile quarter with another surge in technology companies, which have been on a roller-coaster ride this week.

The gains Thursday weren't enough to erase the market's first quarterly loss since 2015. After years of slow-and-steady growth, the market plunged in early February, marking its first 10 per cent drop in two years.

Facebook jumped 4.4 per cent, clawing back some of the ground it's lost recently amid a widening privacy scandal.

Banks and retailers also rose.

The S&P 500 rose 35 points, or 1.4 per cent, to 2,640.

The Dow Jones industrial average rose 254 points, or 1.1 per cent, to 24,103. The Nasdaq composite gained 114 points, or 1.6 per cent, to 7,063.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.74 per cent.

___

11:45 a.m.

U.S. stocks rose sharply on the last day of trading ahead of the Easter holiday weekend.

Technology stocks, which were big decliners earlier in the week, powered much of the market's climb Thursday. Apple rose 2 per cent.

Banks, industrial companies and energy stocks also notched solid gains.

Beverage maker Constellation Brands jumped 3.6 per cent after reporting a solid quarter. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 5.3 per cent after its own results beat expectations.

The S&P 500 rose 30 points, or 1.2 per cent, to 2,635.

The Dow Jones industrial average rose 287 points, or 1.2 per cent, to 24,137. The Nasdaq composite gained 81 points, or 1.2 per cent, to 7,030.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.75 per cent.

___

9:35 a.m.

Stocks are opening broadly higher on Wall Street on the last day of what has turned out to be an extraordinarily rocky quarter.

Technology companies and banks led the gains in early trading Thursday. Facebook rose 1.8 per cent and Wells Fargo climbed 1 per cent.

Beverage maker Constellation Brands jumped 2.6 per cent after reporting a solid quarter. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 6.6 per cent after its own results beat expectations.

The S&P 500 rose 15 points, or 0.6 per cent, to 2,621.

The Dow Jones industrial average rose 180 points, or 0.8 per cent, to 24,030. The Nasdaq composite gained 25 points, or 0.3 per cent, to 6,971.

News from © The Associated Press, 2018
The Associated Press

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