3/31, 6:34 PM (Source: TeleTrader)
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US markets extend gains, Dow soars 300 points

Major stock markets on Wall Street traded toward closing the first quarter of 2023 in positive territory following the PCE data that showed smaller-than-expected price increases. Meanwhile, the crisis in the banking sector seemingly eased, with the government proposing new rules to ensure another collapse doesn't happen.

The Dow Jones jumped by 0.92% or 303 points at 12:30 pm ET, while the Nasdaq 100 gained 1.15% or 149 points, and the S&P 500 rose 0.97%. The euro simultaneously declined 0.38% against the dollar to sell for 1.08639.

Baha Breaking News (BBN) / ND