Yahoo Finance’s Jared Blikre joins the show to summarize the week in the stock market.
Stocks closed higher on Friday after some cooler-than-expected inflation data, as investors also eye the end of an eventful first quarter that has seen the S&P 500 gain nearly 5% while the Nasdaq 100 entered a new bull market.
Wall Street rallied more than 1% on Friday and the Nasdaq notched its biggest quarterly percentage gain since June 2020, as signs of cooling inflation bolstered hopes the Federal Reserve might soon end its aggressive interest rate hikes. The S&P 500 closed at its highest level since Feb. 15 and posted a second straight quarter of gains, led by the technology sector's 21.5% rise in the first quarter. The S&P 500 financial sector was the quarter's worst-performing sector, posting a 6.1% drop, while the KBW regional bank index fell 18.6% for the period.