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| Subject: U.S. stocks notch best first quarter since 1998 | |
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Author: March 30, 2012, 4:10 p.m. EDT |
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Date Posted: 13:20:56 03/30/12 Fri Bulletin Get news bulletins by email » U.S. stocks close higher, notching their best first-quarter rise since 1998; S&P's up 12% Home News Viewer Markets Investing Personal Finance Industries Economy/Politics Trading Deck Jobs Log In Games Alerts Portfolio Market Pulse Archives March 30, 2012, 4:10 p.m. EDT U.S. stocks notch best first quarter since 1998 Stories You Might Like •Sponsored: this site 10 surprising steps to staying cancer-free •Sponsored: this site Oil at six-week low after Saudi comments,… •Sponsored: Investor's Business Daily Stock Market Today Starts Weak But Pares Losses [?]1 Comments Share Digg Yahoo! Buzz MySpace del.icio.us Reddit LinkedIn Fark StumbleUpon Newsvine newPortfolio Relevance LEARN MOREWant to see how this story relates to your portfolio? Just add items to create a portfolio now: XAddDow Jones Industrial Average (DJIA)XAddDAX Performance Index (DAX)Add Create Portfolio or Cancel Already have a portfolio? Log In By Kate Gibson 1.00%0.50%0.00%-0.50%-1.00%10a11a12p1p2p3pDJIA SPX COMP NEW YORK (MarketWatch)-- U.S. stocks on Friday netted their biggest first-quarter rise in more than a decade after a better-than-anticated increase in consumer spending and sentiment raised views of the economy. The S&P 500's 12% rise would represent "a stunning year, and is even more so as a quarter. But I do think it's a comeback from an underexposed level for institutions; they were so scared they were hiding in defensive issues, and are now looking for opportunities to make money and not just hide. That shift alone has also helped move markets higher," said Marc Pado, U.S. market strategist at DowBull.com. Up 8.1% for the quarter, the Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.50% rose 66.22 points, or 0.5%, to 13,212, sealing its best first-quarter point gain in its history. The S&P 500 /quotes/zigman/3870025 SPX +0.37% gained 5.19 points, or 0.4%, to 1,408.47, garnering its biggest first-quarter advance since 1998. The Nasdaq Composite /quotes/zigman/123127 COMP -0.12% fell 3.79 points, or 0.1%, to 3,091.57, leaving it up nearly 19% for the first quarter. /quotes/zigman/627449 Add to portfolio DJIA Dow Jones Industrial Average US : DJ-Index 13,212.04 +66.22 +0.50% Volume: 171.16MMarch 30, 2012 4:05p /quotes/zigman/3870025 Add to portfolio SPX S&P 500 Index US : S&P Base CME 1,408.47 +5.19 +0.37% Volume: 745.47MMarch 30, 2012 4:19p /quotes/zigman/123127 Add to portfolio COMP NASDAQ Composite Index US : Nasdaq 3,091.57 -3.79 -0.12% Volume: 0.00March 30, 2012 4:19p Suggested stories You might like: City-by-city breakdown of home prices (MarketWatch.com) VXX may be a double or triple from here (MarketWatch.com) Bernanke getting angry at the bond market (MarketWatch.com) Mega Millions: In it, not to win it (MarketWatch.com) Dines rebounding — again? (MarketWatch.com) Tech stocks rebound as RIM, H-P rise (MarketWatch.com) From Around the Web Content from Sponsors What's this? Selected for you by our sponsor: Buy the Dip and Sell the Rally (DailyFX) Stocks Fall, End Well Off Lows (Investor's Business Daily) This Stock Could Nearly Double Within 12-18 Months (Top Stock Analysts) Uranium Market Fundamentals (Traders Log) Robert De Niro Slammed for Michelle Obama Joke -- Did He Go Too Far? (iVillage) [what's this]Comment on this story 1 Comment [ Next Thread | Previous Thread | Next Message | Previous Message ] |
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