Written by Associated Press
(AP) — The latest on developments in financial markets (all times local):
Stocks are closing out a volatile quarter with another surge in technology companies, which have been on a roller-coaster ride this week.
The gains Thursday weren’t enough to erase the market’s first quarterly loss since 2015. After years of slow-and-steady growth, the market plunged in early February, marking its first 10 percent drop in two years.
Facebook jumped 4.4 percent, clawing back some of the ground it’s lost recently amid a widening privacy scandal.
Banks and retailers also rose.
The S&P 500 rose 35 points, or 1.4 percent, to 2,640.
The Dow Jones industrial average rose 254 points, or 1.1 percent, to 24,103. The Nasdaq composite gained 114 points, or 1.6 percent, to 7,063.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.74 percent.
U.S. stocks rose sharply on the last day of trading ahead of the Easter holiday weekend.
Technology stocks, which were big decliners earlier in the week, powered much of the market’s climb Thursday. Apple rose 2 percent.
Banks, industrial companies and energy stocks also notched solid gains.
Beverage maker Constellation Brands jumped 3.6 percent after reporting a solid quarter. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 5.3 percent after its own results beat expectations.
The S&P 500 rose 30 points, or 1.2 percent, to 2,635.
The Dow Jones industrial average rose 287 points, or 1.2 percent, to 24,137. The Nasdaq composite gained 81 points, or 1.2 percent, to 7,030.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.75 percent.
Stocks are opening broadly higher on Wall Street on the last day of what has turned out to be an extraordinarily rocky quarter.
Technology companies and banks led the gains in early trading Thursday. Facebook rose 1.8 percent and Wells Fargo climbed 1 percent.
Beverage maker Constellation Brands jumped 2.6 percent after reporting a solid quarter. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 6.6 percent after its own results beat expectations.
The S&P 500 rose 15 points, or 0.6 percent, to 2,621.
The Dow Jones industrial average rose 180 points, or 0.8 percent, to 24,030. The Nasdaq composite gained 25 points, or 0.3 percent, to 6,971.