US stocks rise, post meager gain for 1st quarter

Print
Email
|

Associated Press

Posted on March 31, 2014 at 4:00 PM

Updated Monday, Mar 31 at 4:02 PM

NEW YORK (AP) — 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.

Print
Email
|