Wall Street rallied early in Monday’s session, and maintained gains consistently throughout trading, with all indices once again approaching intraday highs to end the first quarter of 2014. Investors looking to make purchases found some support from Fed Chairwoman Janet Yellen’s who sounded somewhat less hawkish on Treasury spending in comments to the effect that there was still room for the central bank to help bring the US economy up to a more durable form of recovery.
Results for Monday, March 31
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Standard & Poor’s 500: +0.79 percent to 1,872.34
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Dow Jones Industrial Average: +0.82 percent to 16,457.66
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NASDAQ Exchange: +1.04 percent to 4,198.99
Our Top Stories
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John Mauldin turns in his latest in a series of contributions to the debate over income inequalityand what can be done about it.
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The Energy Report’s interview with David Sadowski on where investors should look for returns in the Uranium market.
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Etienne Moshevich sees a lot of opportunity in the junior mining sector through the rest of the year.
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Senior Editor Joel Anderson considers the implications of outgoing CA Congressman Henry Waxman’s recent letter to pharmaceutical giant Gilead Pharmaceuticals (GILD) .
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Senior Editor Jacob Harper has a look at the five best and worst performing stocks on the S&P 500 during the first quarter of 2014.
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Equities.com IPO expert Francis Gaskins has the roundup of the week in debuts.
Stocks
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Dietary supplement producer MusclePharm Corp. (MSLP) nudged its way higher by the bell after releasing impressive financial results for 2013.
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Biofuel stocks were on the move, with massive gains for BioFuel Energy Corp. (BIOF) after David Einhorn’s Greenlight Capital increased its position in the company substantially. MagneGas (MNGA) and Solayzme (SZYM) both ended the day higher as well.
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Prana Biotechnology (PRAN) had a rough day after results from a mid-stage clinical trial from an alzheimer’s drug failed to meet its primary endpoint.
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Micro-cap mining outfit Avalon Rare Metals (AVL) got a bump on Monday following electric-car maker Tesla’s (TSLA) announcement that it would source all of it’s rare earth elements from local North American producers.
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Semiconductor giant Micron Technology (MU) posted impressive gains once again in Monday-trading.
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The bulls and bears cases for internet real estate service Zillow (Z) as the company nudged to a 1 percent gain by the end of the day.
