Stocks Finish Q1 Strong With Wins Across The Board

Wall Street finished both March and the first quarter of 2023 with a flourish. The Nasdaq logged its best quarter since June 2020, the S&P 500 turned in its second-straight quarterly win, while the Dow rode a 415-point win to finish the quarter higher on the last day.

For the month and week, all three indexes secured solid wins. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), settled lower for the sixth-straight day, while also logging weekly, monthly, and quarterly losses.



Earnings March 312023



Oil futures closed at their highest level in roughly three weeks today, though they fell for their fifth-straight month and snagged a quarterly loss to boot. Specifically, May-dated crude added $1.30, or 1.8%, to close at $75.67 per barrel for the session, but fell 1.8% and 5.7% for the month and quarter, respectively. 

Despite earlier crossing above $2,000 an ounce earlier in the session, June-dated gold ultimately erased $11.50, or 0.6%, to settle at $1,986.20 per ounce Friday. Still, based on the most active contracts, gold rose 8.1% for the month and 8.8% for the quarter.

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