The Dow is up over 155 points midday
| |  3/26/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Extends Gains While Nasdaq Stages Rebound | By: Laura McCandless | | The Dow Jones Industrial Average (DJI) is up over 155 points midday, as bank stocks pop after the Federal Reserve announced that banks could resume buyback programs and raise dividends by the end of June if they pass this year's stress test. The S&P 500 Index (SPX) is also modestly in the black, while the Nasdaq Composite (IXIC) is making a midday turnaround, though its still on track for a weekly loss. Investors are also poring over economic data to end the week. U.S. consumer spending saw a wider-than-expected drop last month. However, the final U.S. consumer sentiment reading showed a rise to 84.9 in March from 76.8 in February, as the vaccine continues to roll out. Furthermore, the core personal consumption expenditure price index matched expectations at a 0.1% rise for the month. Meanwhile, gold is on track for its first weekly loss in three. Continue reading for more on today's market, including: - Tobacco stock inches higher after upgrade.
- Tesla rival slipping after temporary production suspension.
- Plus, options traders blast BIDU; MX jumps on M&A buzz; and VIZU falls after stock offering.
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