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US stocks close strong quarter at record high

Last Updated: Friday, March 29, 2013 - 16:47

Washington: US stocks rose on Thursday, with the S&P 500 and the Dow Jones closed at record high, as investors looked to get into equities as the first quarter came to a close.

The S&P 500 recorded a quarterly advance of 10 percent, its best performance in a year, with the bull market in March beginning a fifth year, supported by easy monetary policy by the Federal Reserve and other central banks.

According to Fox News, in mid-morning trade, the S&P 500 (SPX) surpassed its record close.

After climbing to a high of 1,570.28, the S&P 500 added 6.34 points, or 0.4 percent, at 1,569.19.

The Dow Jones Industrial Average (DJI) rose 52.38 points, or 0.4 percent, to 14,578.54. The blue-chip index, which first took out its 2007 record high on March 5, rose 11.3 percent gain in the first quarter.

The Nasdaq Composite (RIXF) added 11 points, or 0.3 percent, to 3,267.52, leaving it up 8.2 percent for the quarter.

For every two stocks falling, roughly three rose on the New York Stock Exchange, where 687 million shares exchanged hands. Composite volume cleared 3.2 billion, the report added.


First Published: Friday, March 29, 2013 - 16:45
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