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Market Comments & Wrap-Ups
- 3/31/2009 12:20:31 PM
By Chip Brian, SmarTrend Analytics Team
Last Updated: March 31st, 2009: 12:25 PM ET---The major US equity indices are sporting significant gains on the last day of the quarter, resuming their advance after a two-day reprieve as investors choose to ignore the morning's disappointing economic readings and pick up beaten down financial and technology stocks. Consumer goods (-0.1%) is the only major sector in the red, while financials (+4.1%) and technology (+2.1%) shares lead the market higher. The Dow Jones is trading 1.2% higher to 7,612, the Nasdaq is trading 1.6% higher to 1,526 and the S&P 500 is trading 1.2% higher to 797.
Contact Chip Brian
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