Market Recap: Friday, March 26
Stocks gained on Friday after a new print on core inflation in the U.S. came in milder than expected. Each of the S&P 500, Dow and Nasdaq extended advances into afternoon trading, with each major index closing higher by more than 1%. The S&P 500′s gain of 1.7% was its best in three weeks, and the index ended with a weekly gain of about 1%. Shares of big bank stocks increased after the Federal Reserve announced that most banks will be allowed to resume increasing their dividends and shares repurchases after June 30, ending a year of pandemic-related restrictions. Thornburg Co-Head of Investments Jeff Klingelhofer and Managing Partner at Exponential Investment Partners Kevin Riley joined Yahoo Finance Live to discuss.