You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Consumer firms lead U.S. stocks higher

Continue reading below

Stocks rose after a two-day slide as consumer shares rebounded amid data showing household purchases rose the most in three months. Biotech shares extended their losses, weighing on the Nasdaq. H&R Block and GameStop climbed, leading gains in consumer shares. And Cognizant Technology rallied after Morgan Stanley raised its recommendation on the stock. Investors have been selling the bull market’s biggest winners, locking in gains as they assess how much of the recent economic weakness is weather-related and if the situation in Ukraine will worsen. And data indicated consumer confidence fell less than previously estimated in March.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of