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31 Mar 2014
First Quarter ends with a mixed market
FXStreet (San Francisco) - Wall Street performed its best day in two weeks as risk appetite took the market amid Janet Yellen words that the Fed's stimulus will remain alive for long time.
However, US stocks closed month and quarter with mixed note as the Nasdaq closed its worst month since October 2012 and the Dow posted its first quarterly loss in the last 5 quarters. On the other hand, S&P and Nasdaq advanced for fifth quarter in a row. In any case, it was the poorest quarterly performance since Q4 2012.
Indexes results
The Dow Jones advanced 134.60 points or 0.82% on the day to close the session at 16,457.66. The DJIA advanced 0.83% on the month but it posted 0.72% losses in the quarters.
The S&P 500 rose 14.72 pts or 0.79% in the session to close at 1,872.34. The S&P posted 0.69% gains in the month and 1.7% in the quarter. The Nasdaq rallied 43.24 points or 1.04% to finish the day at 4,198.99. The Composite lost 2.53% in the monthly basis but it was 1.08% positive in the quarter.
However, US stocks closed month and quarter with mixed note as the Nasdaq closed its worst month since October 2012 and the Dow posted its first quarterly loss in the last 5 quarters. On the other hand, S&P and Nasdaq advanced for fifth quarter in a row. In any case, it was the poorest quarterly performance since Q4 2012.
Indexes results
The Dow Jones advanced 134.60 points or 0.82% on the day to close the session at 16,457.66. The DJIA advanced 0.83% on the month but it posted 0.72% losses in the quarters.
The S&P 500 rose 14.72 pts or 0.79% in the session to close at 1,872.34. The S&P posted 0.69% gains in the month and 1.7% in the quarter. The Nasdaq rallied 43.24 points or 1.04% to finish the day at 4,198.99. The Composite lost 2.53% in the monthly basis but it was 1.08% positive in the quarter.