From Sam Bourgi: By CCN: The Dow and broader U.S. stock market rallied on Friday, capping off the best quarter since the financial crisis and reaffirming that the bull market has yet to run its course.
DOW JUMPS, DRAGGING S&P 500 AND NASDAQ WITH IT
The Dow Jones Industrial Average climbed triple digits, building off a triumphant start to the trading session for U.S. stock futures. The blue-chip index climbed 140.52 points, or 0.6%, to reach 25,857.98. Caterpillar Inc. (CAT) and Boeing Co (BA) were the Dow’s top performers.
The broad S&P 500 Index of large-cap stocks gained 0.4% to 2,828.15. Nine of 11 primary sectors reported gains, with health care stocks climbing 1% on average. Industrials and information technology shares also outperformed the benchmark.
Meanwhile, the technology focused Nasdaq Composite Index climbed 0.6% to settle at 7,717.13.
The SPDR Dow Jones Industrial Average ETF (DIA) rose $0.05 (+0.02%) in after-hours trading Friday. Year-to-date, DIA has gained 5.62%, versus a 6.28% rise in the benchmark S&P 500 index during the same period.
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