Login for full access to ABQJournal.com



New Users: Subscribe here


Close

US stocks rise, post meager gain for 1st quarter

........................................................................................................................................................................................
FILE - In this Friday, March 28, 2014, file photo, Trader Joel Luccese, center, works on the floor of the New York Stock Exchange.  Stocks rose broadly in afternoon trading Monday, March 31, 2014, as the market headed for its fifth straight quarterly gain. Microsoft led the technology sector higher. (AP Photo/Richard Drew, File)

FILE – In this Friday, March 28, 2014, file photo, Trader Joel Luccese, center, works on the floor of the New York Stock Exchange. Stocks rose broadly in afternoon trading Monday, March 31, 2014, as the market headed for its fifth straight quarterly gain. Microsoft led the technology sector higher. (AP Photo/Richard Drew, File)

NEW YORK — U.S. stocks are closing higher as the market posts a meager gain for the first three months of the year.

The Standard & Poor’s 500 index rose 14 points, or 0.8 percent, to close at 1,872 Monday. The index gained 1.3 percent for the first quarter of the year, the fifth straight quarterly gain.

The Dow Jones industrial average rose 134 points, or 0.8 percent, to 16,457. The Nasdaq composite rose 43 points, or 1 percent, to 4,199.

Microsoft rose 2 percent after its Office for iPad software was released last week to highly positive reviews.

Traders were encouraged by remarks from Federal Reserve Chair Janet Yellen, who said she thinks the U.S. job market should continue to be supported by low interest rates for some time.

Top
Read previous post:
Algin Mendez, right, sits with Brandon Cummings, a law clerk, during a hearing to determine the validity of the signatures on his petition to run for House district 46. The hearing is in First District Court, in Santa Fe, Monday March 31, 2014. Eddie Moore/Albuquerque Journal.
Judge voids Mendez N.M. House candidacy

A state District Court judge voided challenger Algin Mendez's candidacy for the District 46 of the New Mexico House of......

Close