March 25, 2014 -- 4:15 p.m. - 03/25/14
The major averages ended higher on the session. The Dow Jones Industrial Average gained 91 points to 16,368, the S&P 500 added 8 points to 1865 and the NASDAQ advanced 7 points with the index closing at 4234.
Stocks snapped a two-day losing streak as investors responded positively to largely better-than-expected economic data. Most sectors on the S&P ended higher. Healthcare stocks showed strength with shares of Gilead Sciences gaining 1.2% to $73.03, paring some of their recent declines.
On the earnings front, McCormick advanced 5.5% to $71.21 after the company posted results ahead of analysts estimates. Walgreen also finished higher, up 3.2% to $66.40 following their quarterly report. In other news, shares of IBM rose 3.6% to $195.07 after announcing a strategic partnership with Pitney Bowes.
Composite volume on the NYSE was more than 3.1 billion shares with advancing issues besting decliners by a 3-2 margin. The NASDAQ was even on issues.
Turning to fixed income markets, Treasuries ended lower along the curve. The benchmark 10-year note was down 1/8 of a point to yield 2.75% and the 30-year bond gave up nearly 1/2 of a point to yield 3.59%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.