US stock market It will be closed on Friday, March 29 for Good Friday, while The $27 trillion Treasury market The work concluded earlier in 2pm EST on Thursday For vacation.
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Stocks posted a strong rise in the first quarter, despite a brief pause in the advance earlier in the week.
The S&P 500 SPX rose 10.2% in the first quarter, the best three months to start a year since 2019, according to Dow Jones Market Data.
The Nasdaq Composite rose 9.1% during the quarter, while the Dow Jones Industrial Average (DJIA) rose 5.6% for the same stretch, according to FactSet.
The three major U.S. stock indexes regained record highs in the first quarter, after hitting a difficult level two years ago when the Federal Reserve started expanding.Raising rates To combat continuously high levels of inflation.
The economy continued to move even though the Federal Reserve's benchmark interest rate remained at its highest levels in nearly a quarter-century and benchmark 10-year Treasury yields BX:TMUBMUSD10Y were near 4.2%. However, yet Two consecutive quarters of gainsInvestors stay Worried about the Fed To pivot to interest rate cuts later this year, with an eye on a possible rate cut in June.
Economic data on Thursday indicated Consumers have a positive view for the economy, but also confidence that inflation will continue to decline.
Major stock exchanges will be closed on Friday, but there will be new data on the inflation front with the release of the February personal consumption expenditures measure, the Fed's preferred inflation indicator. It is expected to rise on a monthly basis, however Survival at an annual rate of 2.8%.
On Friday, investors will also hear from Federal Reserve Chair Jerome Powell, who is scheduled to speak at 11:30 a.m. ET.
is reading: The former No. 2 at the Fed says this is how central banks may justify any interest rate cuts in the summer
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