Stocks rally, Nasdaq posts best quarter since 2020
STORY: A turbulent quarter for stocks ended with a rally on Friday… as signs of cooling inflation boosted hopes the Federal Reserve might soon end its aggressive interest rate hikes.
The Dow gained one-and-a-quarter percent… the S&P 500 climbed nearly one-and-a-half percent… and the Nasdaq jumped one-and-three-quarters percent to notch the index’s biggest quarterly percentage gain since June of 2020.
It was also the second straight quarter of gains for the S&P, despite a sharp sell-off in bank stocks following the collapse of two regional lenders earlier this month and worries about a potentially wider financial crisis.
Data on Friday from the Commerce Department showed consumer spending rose moderately in February while inflation cooled.
“I think what's driving the markets is specific to the Federal Reserve…”
Sam Stovall is Chief Investment Strategist at CFRA Research.
“Expectations are that if they do raise rates one more time, it'll be in May and it'll be the final one of this rate tightening cycle. And history tells us that the Fed then starts to cut interest rates an average of nine months later. So I think investors are beginning to look across the valley and hoping that the fundamentals will show improvement.”
Shares of big tech gained as U.S. Treasury yields eased, with the yield on the two-year note posting its largest monthly drop since 2008. Higher yields tend to be a negative for big tech companies.
Also, Apple shares rose Friday after it won its appeal to dismiss a UK antitrust probe into its mobile browser.
相關影片推薦
- 1:52花蓮整夜震不停! 民眾躲露天咖啡廳.寧願車宿民視影音12,908 次觀看・9 小時前
- 1:13加拿大火車「烈焰車廂」邊開邊燒 夜空染橘、濃煙瀰漫 民眾目擊傻眼Yahoo奇摩(國際通)22,070 次觀看・15 小時前
- 3:04一分鐘報天氣 / 週三 (04/24) 鋒面通過各地降雨機率高 西半部及東北部留意局部較大雨勢Yahoo奇摩新聞(報氣象)3,209 次觀看・8 小時前
- 2:00被搖醒! 梁赫群嚇到住旅館.林心如醒來先抱緊小孩民視影音11,967 次觀看・7 小時前
- 1:45地震3棟倒塌大樓都在"米崙斷層"上 專家:只是巧合民視影音5,577 次觀看・9 小時前
- 1:36自強號修補醜! 挨批「丐幫列車」 台鐵急進廠維護東森新聞影音4,876 次觀看・1 天前
- 1:25掛身障車牌停"專用車位"遭罰!民眾氣炸申訴 警坦承疏失撤單民視影音3,832 次觀看・1 天前
- 1:51凌晨2點32分花蓮大地震全台驚醒 規模6.3富凱飯店倒了民視影音221,341 次觀看・21 小時前
- 2:23俄羅斯人「平流層跳傘」到北極創紀錄 逾萬公尺高空跳下、時速破300公里 經歷2分30秒自由落體Yahoo奇摩(國際通)19,678 次觀看・11 小時前
- 1:30嗆中駐美大使「雙手沾血」! 哈佛學生遭起底是台灣人|#鏡新聞鏡新聞132,971 次觀看・1 天前
熱門必看
- 14:01邱宇辰、黃宏軒演出腐女心中的幻想!超禁忌兄弟戀讓唐老師興奮到模糊!?Ep.215-1唐綺陽談星室36,338 次觀看・1 天前
- 24:07【小瑜星座】高段位愛情專家 令人震撼的雙魚女雷達之星6,007 次觀看・3 天前
- 19:54跑步一定又喘又累?不會累的 #超慢跑,該怎麼跑才能控糖、減脂?ft. 超慢跑教練 徐棟英老師 @tongyinghsu 《 強者我朋友 》|志祺七七志祺七七 X 圖文不符3,883 次觀看・2 天前
- 26:20【東京近郊景點】栃木那須高原✨距離東京1小時!絕景森林步道、生起司蛋糕CHESSE GARDEN、沼原濕原、那須彩繪玻璃美術館、那須溫泉神社、殺生石、那須動物王國|東京自由行・Japan 4Kvlog吉田社長交朋友2,609 次觀看・1 天前
- 1:08周慧敏 倪震夫婦罕同框 舉止親密力破婚變傳聞娛樂星聞17,543 次觀看・4 天前