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The Nasdaq Composite Index highest quarterly gains in two years
US indices closed collectively higher in Thursday's session, as technology stocks continued to rally, in addition to hopes of easing monetary tightening.
Data earlier in the day showed that jobless claims last week rose more-than-expected from the previous week, indicating a slowdown in the labor market.
The GDP data for the last quarter also showed that the growth was at 2.6%, lower than the previous estimate of 2.7%.
Both reports support expectations that the Fed's policy will be more flexible.
On the other hand, the US regional banks index fell by more than 2% after the Biden administration proposed a limited list of new measures to strengthen medium-sized banks that it said could be paid without having to go to Congress.
The Dow Jones index rose by 0.4%, or the equivalent of 141 points, surpassing 32,800 points, achieving its highest closing in 3 weeks.
The index tends to achieve monthly gains of about 0.6%, equivalent to 200 points, in March, despite the banking crisis that dominated the performance of the markets during this period.
