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Stocks End the Quarter Up as Lyft Debuts

Quarterly gain is biggest since 2009
By Newser Editors and Wire Services
Posted Mar 29, 2019 4:00 PM CDT
In this March 7, 2019, file photo specialist Anthony Rinaldi, left, and trader Michael Urkonis work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks closed higher Friday on Wall Street, ending the first quarter with the biggest quarterly gain in a decade, the AP reports. Lyft made its much-anticipated trading debut on the Nasdaq stock exchange, jumping 8.7% to $78.29. The ride-hailing company's stock had been priced at $72 a share. The S&P 500 index turned in its strongest performance since the third quarter of 2009. It was a big turnaround for the index, which had slumped 14% in the fourth quarter. The S&P 500 rose 18 points, or 0.7%, to 2,834. The Dow Jones Industrial Average rose 211 points, or 0.8%, to 25,928. The Nasdaq edged up 60 points, or 0.8%, to 7,792. (Read more stock market stories.)

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