Market Recap: Friday, March 26: Stocks close at highs
#stockmarket #stocks #investing
Stocks gained on Friday after a new print on core inflation in the U.S. came in milder than expected. Each of the S&P 500, Dow and Nasdaq extended advances into afternoon trading, with each major index closing higher by more than 1%. The S&P 500’s gain of 1.7% was its best in three weeks, and the index ended with a weekly gain of about 1%. Shares of big bank stocks increased after the Federal Reserve announced that most banks will be allowed to resume increasing their dividends and shares repurchases after June 30, ending a year of pandemic-related restrictions. Thornburg Co-Head of Investments Jeff Klingelhofer and Managing Partner at Exponential Investment Partners Kevin Riley joined Yahoo Finance Live to discuss.
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