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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 415.12 points, or 1.3%, to 33,274.15.
The S&P 500 hurtled higher 58.48 points, or 1.4%, to 4,109.31.
The NASDAQ popped 208.44 points, or 1.7%, to 12,221.91.
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 moved skyward 7%, and the NASDAQ climbed 16.8%, for the first quarter. The Dow ended the period with a 0.38% increase.
For the month, the S&P 500 took on 3.5% and NASDAQ gained 6.7%. The Dow, meanwhile, advanced 1.9% to end March.
Prices for the 10-year Treasury strode higher, lowering yields to 3.48% from Thursday 3.55%. Treasury prices and yields move in opposite directions.
Oil prices improved $1.20 to $75.57 U.S. a barrel.
Gold prices docked $9.80 to $1,997.90 U.S. an ounce.
