As we approach the last day of the week and the end of the first quarter, Wall Street made a recovery to hit new highs. Nasdaq is set for its first monthly loss since November due to the recent upsurge in yields, as investors shift their attention away from growth stocks to value stocks.
The S&P 500 increased by 0.4% to place a new record intra-day high; also month-to-date profit was above 4%, marking its best performing month since November. The Nasdaq posted gains of +1.54% at the end of the trading session. The Dow hovered near the flat line to make a loss of 0.26%.