by Marc Bastow | March 28, 2013 5:51 pm
The 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.
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.
Source URL: http://investorplace.com/2013/03/sp-500-ends-q1-at-all-time-highs-thursdays-ip-market-recap/
Short URL: http://invstplc.com/1fqpm1i
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.