U.S. stocks closed higher on Friday, with the Dow Jones index surging more than 300 points during the session. However, all three indices logged losses last week, with the Dow falling 2.27% to record its worst weekly performance in 2024, while the S&P 500 lost 0.95% during the week.
The S&P 500 surged to a new all-time high on Thursday, recording its best first-quarter performance in five years. For the quarter, the S&P 500 gained 10.2%, while the Dow Jones added 5.6% during the quarter, notching its best first-quarter performance since 2021.