- Stocks ended with gains but eased off earlier highs, with the Nasdaq barely finishing in positive territory as another steep selloff in biotechs weighed on the index; the top biotech ETF (IBB) slumped 6.8% for the week and 13.5% so far in March.
- Nasdaq's -2.8% showing for the week was the index's worst in nearly a year and a half; the S&P lost 0.5% loss for the week, while the Dow eked out a gain.
- The energy sector outperformed for the second straight day, drawing strength from Exxon (+1.5%) while crude oil added 0.4% to $101.67/bbl.
- Tesla +2.4% after the NHTSA closed its investigation into fire accidents involving its Model S vehicles; several other momentum names, including Priceline and Twitter, rose after getting slammed in recent days.
- Treasurys ended near their lows after retreating throughout the session; the 10-year yield rose 3 bps to ~2.72%.
Stocks end week on modest high note, biotechs remain volatile
From other sites
at Nasdaq.com (Apr 9, 2015)
at CNBC.com (Mar 24, 2015)
at Nasdaq.com (Mar 24, 2015)
at Nasdaq.com (Feb 12, 2015)
at Nasdaq.com (Jan 29, 2015)
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