Indexes jump on inflation data; Nasdaq posts best quarter since 2020

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A turbulent quarter for US stocks ended with a rally on Friday as signs of cooling inflation boosted hopes the Federal Reserve might soon end its aggressive interest rate hikes

For the week and month, stocks also posted strong gains. The Nasdaq was up 6.7% for March.

For the quarter, the Nasdaq jumped 16.8% in its biggest quarterly percentage increase since the three months ended June 2020. The S&P 500 gained 7% and the Dow rose 0.4% in the quarter, based on the latest available data.Shares of big tech gained as investors rotated out of banks and as U.S. Treasury yields eased, with the two-year note yield posting on Friday its largest monthly drop since 2008. Higher yields tend to be a negative for big tech companies.shares ended up 1.

Volume on U.S. exchanges was 11.98 billion shares, compared with the 12.74 billion full-session average over the last 20 trading days.

 

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The world is laughing at the banana republic of America The dollar “could” collapse this year . Lots of dark places discussing cashing in their dollar debt .

Lmfao yeah right

No worry. Biden will stop that.

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Nasdaq set for best quarter since 2020, latest inflation data a boostSigns of cooling inflation bolstered hopes the Fed might soon end its aggressive interest rate hikes.
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