The major indexes rallied for the fourth-straight day as the quarter came to a close and the Fed’s program of “quantitative easing,” or “QE2,” came to an end. The Dow gained 152 points, the Nasdaq rose by 33, and the S&P 500 advanced 13. Twenty-six of the Dow’s 30 components gained ground, led by Intel (INTC), which rose 3%. Volume was heavy on the NYSE and light on the Nasdaq. Advancing issues outnumbered decliners by almost three to one. The prices of Treasuries weakened as the Fed’s bond-buying program, QE2, came to an end. The price of gold futures lost 0.5% to $1,502.80 an ounce. The price of crude oil on the New York Mercantile Exchange gained 0.6% to $95.42 a barrel. For the quarter, the Dow gained 0.5%, the S&P 500 declined by 0.5%, and the Nasdaq was down fractionally.
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