US: Stocks extend rally at start of second quarter

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[NEW YORK] Wall Street stocks posted strong gains on Monday, advancing in the first session of the second quarter on solid economic data and optimism over trade talks. Read more at The Business Times.

Markets had stumbled towards the end of March on worries about slowing growth or a recession but"it feels like some of that concern is receding," said Art Hogan, chief market strategist at National.The strong start showed continued momentum from the first quarter, which saw the S&P 500 notch its best quarterly performance since 2009.

US retail sales disappointed in February but the result was tempered somewhat by an upward revision to the January data.

 

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