Stocks Slump Again
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Stocks ended their best first quarter in years on a down note Friday.
While the indexes continued their recent bout of selling on inflation concerns, they nonetheless ended the quarter up 4-6%. Comments from Kansas City Fed President Thomas Hoenig that interest rates are close to neutral eased interest rate fears somewhat, as bond yields ended the day unchanged after a sharp recent rise.
, meanwhile, edged higher ahead of its inclusion in the S&P 500 after the close.
rose on their earnings reports, while Genesis Micro
tumbled on their results.
tacked on 1% on plans to sell its digital TVs in Best Buy