Dow Jumps 353 Points As Stocks Extend Rebound
Stocks continued Friday's rebound from the sharp tariff-fueled selloff, with the Dow adding triple digits for the second day, while the S&P 500 and Nasdaq finished in the black as well.
There was plenty of economic data to kick off the week. Retail sales for February came in at a lower-than-expected 0.2%, though many feared it would be worse. Plus, January business inventories rose 0.3% for the month and 2.3% year-over-year, and the home builder confidence index fell three points to 39 in March.
GOLD REMAINS ABOVE $3,000
Oil prices rose after the U.S. launched strikes on Yemen's Houthi rebels. News that China might get more stimulus also boosted sentiment. May-dated West Texas Intermediate (WTI) crude rose 66 cents, or 1%, to settle at $67.84 per barrel.
Gold futures extended last session's record highs, adding 0.2% to settle at $3,005.60.
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