Stocks bounced back after last week's loss, which up until now is the biggest of the year.

The S&P and NASDAQ were higher at the open and never looked back. Rallying all day long, the major indices finished the day at session highs.

The DOW was also higher but was held back considerably by Boeing (BA).

Boeing was down as much as 13.5% after traders reacted to a 737 MAX crash in Ethiopia. The crash on Sunday left 149 passengers and 8 crew members dead.

The FAA is investing the crash and noted similarities between Sunday's crash and a deadly crash in Jakarta back in October. But the FAA put investors somewhat at easy, saying that the Boeing plans are still airworthy. The stock finished the day with a 5.3% well of its early lows.

Here's where the major indices ended the day:

  • The S&P finished with a 1.5% gain. Up 40 points, the S&P ended at 2,783.
  • The DOW ended higher by 0.8%. Adding 201 points, the DOW closed at 25,651.
  • The NASDAQ was up 2.0%. With a 150 point gain, the NASDAQ finished at 7,558.

Crude Oil (CL) rallied as well. Up 0.6%, CL ended at $56.69 a barrel. 

Apple (AAPL) had a great day after being upgraded by Bank of American/Merrill Lynch. AAPL finished higher by 3.5% after the "Neutral" rating was raised to "Buy".

Facebook (FB) was also the beneficiary of an upgrade today. The stock finished higher by 1.5% after Nomura raised its FB "Neutral" rating to "Buy".

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

AUD/USD: Above 0.6300 on Good Friday holiday with eyes on China CPI

AUD/USD remains above 0.6300, despite stepping back from the monthly high of 0.6363 to currently around 0.6330, at the start of Friday’s Asian session. Markets in Australia/US are closed for Good Friday, Chinese markets are up with March month inflation data on the cards.

AUD/USD News

USD/JPY: The greenback ticks down, trades above 108.00 figure

USD/JPY consolidates gains above the 108.00 figure. The level to beat for buyers is the 109.50 resistance. USD/JPY bull trend stays intact as the spot trades above the 108.00 handle and the 50/200 SMAs on the four chart.

USD/JPY News

Why stocks are recovering and where next

The S&P 500 index has recovered around half the losses it suffered due to the coronavirus pandemic. Is bad news priced in? How much credit does the Federal Reserve deserve? Where next for equities?

Read more

Gold: Multiple upside barriers before crossing $1,700

Despite probing the multi-year high, marked on Thursday, Gold prices near the key resistances while taking rounds to $1,685 at the start of Friday’s Asian session. The Good Friday holidays in major markets are expected to limit the yellow metal’s moves.

Gold News

Gold: Multiple upside barriers before crossing $1,700

Despite probing the multi-year high, marked on Thursday, Gold prices near the key resistances while taking rounds to $1,685 at the start of Friday’s Asian session. The Good Friday holidays in major markets are expected to limit the yellow metal’s moves.

Gold News

Forex Majors

Cryptocurrencies

Signatures