The 5 Best-Performing Tech Stocks of 2017's First Quarter

Posted April 02, 2017

Despite the downbeat finish to the day, the stock market posted strong gains for the quarter.

But the data had little impact on shares, with the Dow Jones up 20.23 points, or 0.1%, at 20,679.55.

On the other hand, Nasdaq could post a gain of almost two percent while S&P 500 has the potential to close around 1.1 percent higher in the current week.

In small-caps, the Russell 2000 Index closed at 1385.92 for a gain of 3.57 points or 0.26%.

DASHED EXPECTATIONS: NantHealth slumped 10 percent after the health care information technology company reported disappointing fourth-quarter revenue.

The Dow Jones remained down 0.4% for March, while the S&P 500 is up 0.2% and the Nasdaq is up 1.5% for the month.

Kris Bryant's father criticizes conduct of LaVar Ball
Ball will be on ESPN's First Take tomorrow, surely babbling some more about how great of a player he is. I also do not understand what LaVar Ball thinks he is doing in these sound bites.

Tomorrow, investors will receive a slew of economic reports, including February Personal Income (consensus 0.4%), Personal Spending (consensus 0.2%), and PCE Price Index (consensus 0.1%) at 8:30 ET, March Chicago PMI (consensus 55.8) at 9:45 ET, and the final University of Michigan Consumer Sentiment reading (consensus 97.6) at 10:00 ET. The next one to gain significantly is S&P 500 that has the potential to close around 5.8 percent higher on a year-over-year basis. Exxon Mobil slid $1.65, or 2 percent, to $82.05.

According to CNBC, energy stocks also outperformed, with the sector jumping 0.4%.

The Dow is up 51.09 points or 0.3% at 20,710.41, the Nasdaq is up 6.32 points or 0.1% at 5,903.87 and the S&P 500 is up 5.35 points or 0.2% at 2,366.48.

In economic news, the USA economy grew at a rate of 2.1% in the final quarter of 2016, surpassing expectations.

In company news, shares in sportswear giant Lululemon (NYSE: LULU) plummeted 19% in pre-market deals as the retailer warned of a sluggish first quarter amid stiffening competition in the sector.

Shares of FMC Corp were the biggest gainers on the S&P, up 14.7 percent after the company agreed to buy DuPont's crop protection business and sell its health and nutrition unit to DuPont.

White House invites lawmakers to see intelligence material
Michael Ellis , a lawyer who works on national security issues at the White House Counsel's Office, was also named in the report. A number of Democrats, and even a Republican legislator, have called on Nunes to recuse himself from the investigation.

The highly profitable firms on the Dow's roster also boast a higher dividend yield than those in the S&P: 2.4% on average, compared with 2.0%. Antitrust regulators in Europe wanted DuPont to make the sale as part of its combination with competitor Dow Chemical.

The Canadian dollar was trading at 74.99 cents USA, down 0.01 of a cent from Thursday's close.

The most influential movers on the index included Royal Bank of Canada, which fell 0.5 per cent to $97.39, and Bank of Nova Scotia, which declined 0.8 per cent to $78.01.

The Nasdaq fell 2.61, or 0.04 percent, to 5,911.74. Brent crude, used to price global oils, slid 6 cents to $53.07.

CURRENCY: The dollar gained to 112.06 yen from Thursday's 111.91 yen.

Pacers bring back Lance Stephenson to help in stretch run
While Stephenson had a rocky first tour in IN, he is just 26 years old and is likely coming to the Pacers with something to prove. Game Rewind: Pacers 97, Grizzlies 110: The Pacers' final back-to-back of the 2016-17 season ended in a disappointing fashion.