From our Friend, Anthony Mirhaydari, InvestorsPlace
After one of the best rebounds in market history, the first quarter of 2016 closed with a whimper amid lingering focus on Federal Reserve Board Chair Janet Yellen’s dovish testimony on Tuesday.
All eyes are on Friday’s non-farm payroll report for clues as to the likely pace and timing of rate hikes later this year, as well as the start of the first-quarter earnings season on April 11.
In the end, the Dow Jones Industrial Average lost 0.2%, the S&P 500 fell 0.2%, the Nasdaq Composite gained a fraction and the Russell 2000 finished the month out with a 0.3% gain today. Treasury bonds were stronger, the dollar was weaker, gold gained 0.3%, and crude oil lost 0.4% to close at $38.17 a barrel.
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