U.S. Stocks Surge to Cap Wild Quarter, Bonds Gain: Markets Wrap

Europe stocks rise third day; Amazon recovers from Trump tweet
Treasury 10-year yields fall below 2.75% after consumer data

European indexes, with their low tech weighting, may benefit from the rout, says Michael Metcalfe of State Street.Markets: European Open. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Brendan Walsh and Sarah Ponczek

March 28, 2018 at 9:45 PM UTC

Updated on

March 29, 2018 at 8:04 PM UTC

This article is for subscribers only.

U.S. stocks jumped, with tech shares leading the way, as equity markets ended a tumultuous quarter on a high note. Treasuries rose while the dollar slipped.

Gains in the S&P 500 Index were led by energy companies and chipmakers, and were helped by a recovery in Amazon.com Inc. after a White House spokeswoman said Donald Trump isn’t planning to take action against the company after he accused it of not paying taxes. Ten-year Treasury yields fell below 2.75 percent after data showed U.S. consumer spending lagged behind income growth for a second month in February.