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
Stocks End the Quarter Up as Lyft Debuts
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)

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. (More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.