Here Are 4 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average and S&P 500 ended the quarter lower, the first time the two indexes had a quarterly decline in nine quarters.
- Thursday was the first time in three sessions the major averages closed the day in positive territory.
- TheStreet's Kinsey Grant has all the must-know stats from the first quarter. Check out here.
- The Nasdaq has risen for seven straight quarters.
Wall Street Overview
The Dow Jones Industrial Average and S&P 500 ended the first quarter of 2018 in the red, breaking a nine-quarter streak for the two indices. Meanwhile, the Nasdaq suffered its worst month of trading since January 2016.
U.S. stock markets will be closed Friday, March 30, for Good Friday.
The Dow Jones Industrial Average rose 324 points, or 1.65%, to 24,160, the S&P 500 was up 1.64% and the Nasdaq rose 1.64% after stocks finished to the downside on Wednesday, March 28.
Facebook Inc. (FB) and Alphabet Inc. (GOOGL) were rising Thursday. But fellow tech giant Amazon.com Inc. (AMZN) was able to recover, rising 1.11% after it traded down 0.6% on Thursday after tumbling 4.4% on Thursday following a report said Donald Trump wanted to go after the online retailing giant with higher taxes.
On Thursday, Trump tweeted: "I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!"
Weekly jobless claims in the U.S. fell 12,000 to 215,000, the lowest level since 1973.
Consumer spending rose 0.2% in February, while U.S. personal incomes gained 0.4%; both figures matched economists' estimates.
Shares of Renault SA (RNLSY) jumped 6.54% on Thursday in Paris amid a report the French carmaker was considering scrapping its alliance with Japan's Nissan Motor Co. (NSANY) in order to create a single automotive giant that would trade as a single stock.
Following the news that political data analytics firm Cambridge Analytica LLC harvested the data of as many as 50 million Facebook users without proper disclosures or permissions - and now the data-scraping of call logs from Android users - a growing number of shareholders and users have sued the giant social network.
Action Alerts PLUS holding Constellation Brands Inc. (STZ) rose 3.95% after the wine, beer and spirits company posted fiscal fourth-quarter earnings and sales that topped forecasts, and after it lifted its quarterly dividend by 42%.
Boeing Co. (BA) was hit Wednesday by the WannaCry computer virus but executives at the aerospace giant offered assurances the attack had minimal damage, the Seattle Times reported. Boeing shares rose 2.5%.
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