U.S. stocks ended higher Friday as investors bet that a spate of strong economic data, including the March jobs report, won’t speed up the pace of interest-rate increases by the Federal Reserve. The Dow gained 108 to 17,793, the S&P added 13 to 2,073 and the Nasdaq tacked on 45 to close at 4,915.
Gold prices notched their largest quarterly gain in 3 decades, showing that worries about the markets and the economy continue despite a 6 week-long rally in stocks, bonds and commodities.
As the broader mortgage market remains in the doldrums, banks are again touting home-equity lines of credit, which allow homeowners to draw down the equity in their home as they need the cash, as well as cash-out refinances, which involve taking cash out of a home while refinancing and ending up with a larger mortgage balance.
Listen in for much more in A Wall Street Wrap-up.
