This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dow Posts Best First Quarter Since 1999

In economic news, initial jobless claims fell by 6,000 to 388,000 in the week ended March 26. The market had expected the level to hold steady at 383,000 from the previous week's initially-reported level of 382,000, according to Briefing.com.

The news comes a day after Automated Data Processing said companies added 201,000 jobs in March, and a day ahead of the government's March employment report, which is expected to show job growth of 185,000, according to Briefing.com. The unemployment level is projected to remain at 8.9%. The Labor Department will release the report at 8:30 a.m. ET on Friday.

Manufacturing activity in the Chicago region didn't weaken by as much as economists had expected, according to the Chicago's Institute for Supply Management's purchasing managers index, which fell to 70.6 in March from 71.2 in February. The market had been expecting a reading of 69.5, according to Briefing.com.

The Commerce Department said February factory orders unexpectedly fell 0.1%, after January's jump of 3.3%, which was upwardly revised from an initially reported increase of 3.1%.

Irish banks could need up to $33.9 billion to stay viable, the country's central bank said Thursday after conducting stress tests. Yields on Irish and Portuguese bonds had climbed ahead of the report.

London's FTSE lost 0.7%, and the DAX in Frankfurt fell 0.2%. Japan's Nikkei gained 0.5% and Hong Kong's Hang Seng added 0.3%.

Market breadth was split with 57% of stocks on the New York Stock Exchange gaining ground and 40% declining. There were 455 million shares changing hands on the NYSE and 1.2 billion shares trading on the Nasdaq.

Berkshire Hathaway (BRK.B) said David Sokol, who was rumored to be among the top candidates to succeed Warren Buffett, resigned, amid disclosures from Buffett that Sokol bought stock in a company recently acquired by Berkshire. The stock shed 2.1%.

Sokol is also the largest stakeholder of bank-holding company Middleburg Financial (MBRG). Shares of Middleburg soared 9.3% to $16.45 after Sokol said that he would like to start a "mini-Berkshire", prompting speculation about Middleburg's role in those plans.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,083.80 -2.83 -0.02%
S&P 500 1,987.98 +0.97 0.05%
NASDAQ 4,472.1080 -1.5890 -0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs