USA stocks end weak quarter on upbeat note

02 April, 2018, 11:03 | Author: Regina Lloyd
  • Wall Street ends week higher but posts monthly loss

The market is coming off a two-day losing streak and is on course to end the month with a loss.

The Dow is down 2.5 percent for the year, while the S&P 500 is off 1.2 percent.

The tech-rich Nasdaq Composite Index, after two bruising sessions, gained 114.22 points (1.64 per cent) to close the week at 7,063.45.

The benchmark Dow Jones Industrial Average ended essentially flat, down less than a tenth of a percentage point at 23 848.42, but the broader S&P 500 fell 0.3 percent to 2 605.00.

All three major US indexes ended the day in negative territory following Tuesday's late-session tech-driven sell-off following Monday's rally as traders moved to defensive stocks after recent weeks' heightened volatility.

us stock markets will be closed on Friday due to the Good Friday holiday.

Despite Thursday's gains, the Dow and S&P 500 finished with losses for the quarter. On the Nasdaq, 2,152 issues rose and 716 fell.




The year started strong, but early gains evaporated as the markets entered a correction over interest rate jitters, fears of an escalating import tariff dispute between the United States and China, and a selloff in the tech sector.

After years of slow and steady growth and a roaring start to 2018, the market plunged in early February, marking its first 10 percent drop in two years.

"People should expect what's happening given the kind of volatility we've seen as well as the fact that we're kind of in a news vacuum prior to quarterly earnings", Chuck Carlson, chief executive at Horizon Investment Services in Hammond, Indiana, said.

Shares of Facebook rose 4.4 percent, while Apple, Netflix and Alphabet also closed higher.

Facebook was among the gainers, its shares adding 4.4 percent.

Even with the roller-coaster ride that technology stocks have been on lately, the sector is up 3.2 percent this year, while most other sectors are in the red.

Wall Street's main indexes were set to open higher on Thursday as beaten-down technology stocks posted slim gains in a roller-coaster week for Wall Street.

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