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S&P 500 Ends Q1 at All-Time Highs — Thursday’s IP Market Recap

Dow Jones also finishes the quarter with a new record high

   

IPMarketRecap S&P 500 Ends Q1 at All Time Highs    Thursday's IP Market RecapThe first quarter’s last day of trading saw the S&P 500 finally reset its all-time high thanks to a broad rally that swept across all the major U.S. indices — against lackluster PMI and weekly jobless data, no less.

The S&P 500′s gained 0.41% to set a new mark at 1569.19, the Dow Jones Industrial Average also hit yet another new high, climbing 0.36% to 14578.54, and the Nasdaq bumped up 0.34% to close at 3267.52.

In corporate news, shares of BlackBerry (NASDAQ:BBRY) rose more than 3% after posting a surprise profit and despite missing revenue estimates, and announcing it has sold 1 million Z10 devices last quarter.

Deckers Outdoors (NASDAQ:DECK) jumped up more than 6% on an upgrade from Jefferies Group analysts, which included a new price target of $100 per share — more than 90% higher than Wednesday’s closing price.

Pinnacle Foods (NYSE:PF) — owner of both the Duncan Hines and Birds Eye brands — hit the public markets Thursday, pricing at $20 and finishing up another 11% from there.

Lastly, shares of online auction site eBay (NASDAQ:EBAY) climbed 4.13% after President Devin Wenig announced higher-than-expected growth targets for 2015. The company expects $110 billion of sales volume that year, which is $9 billion ahead of analyst predictions.

Three Up

  • Repros Therapeutics (NASDAQ:RPRX): Up 76.4% ($6.97) to $16.10.
  • Vringo (AMEX:VRNG): Up 15.3% (42 cents) to $3.17.
  • GT Advanced Technologies (NASDAQ:GTAT): Up 10% (30 cents) to $3.30.

Three Down

  • Southcross Energy (NYSE:SXE): Down 21.4% ($5.50) to $20.25.
  • Two Harbors (NYSE:TWO): Down 9.2% ($1.27) to $12.61.
  • Novagold Resources (AMEX:NG): Down 5.5% (21 cents) to $3.63.

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/03/sp-500-ends-q1-at-all-time-highs-thursdays-ip-market-recap/.

©2014 InvestorPlace Media, LLC

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