Stocks End 1Q wIth Big Gains
Stocks closed out the first quarter Monday with big gains. For the first three months of the year, the Nasdaq Composite and S&P 500 recorded gains, but the Dow was in the red.
Yesterday, however, was a banner day for the blue-chip index-- the Dow popped 135 points after Fed chair Janet Yellen juiced stocks with her assurances that the easy money will continue.
On Tuesday, the finger pointing begins on Capitol Hill as General Motors (NYSE:GM) CEO Mary Barra and federal regulators testify on the 2.6 million vehicles worldwide that have been recalled and linked to a deadly switch defect. Ahead of that, GM recalled another near 1.5 million cars, which can lose their power steering assist and stop working.
The additional recall brings the total number of GM cars recalled this year to 6.3 million.
In other auto news, soon drivers will be able to back up their cars without looking backwards. The government is issuing new rules requiring all vehicles to have rear-view cameras by May of 2018.
Finally, if you're looking to save on airfare, research firm Hopper says the best day of the week to buy tickets is ... Thursday.