End of Quarter Stock Rebound? – US Market Wrap

Stocks moved up in the last stretch of a solid quarter, with a tiny group of high-flying technology stocks leading the way.

NVIDIA was struck by a second bout of volatility, but it recovered a few minutes before Wall Street closed. The poster child of the artificial-intelligence mania has been on a roller-coaster ride, mostly influencing general market mood. Amazon surpassed a $2 trillion valuation in a surge that pushed the e-commerce behemoth even further into historic territory.

The S&P 500 hovered near 5,480. FedEx surged 15% on a bullish forecast and buyback plans. The KBW Bank Index edged lower ahead of results of the Federal Reserve’s annual stress tests. Micron Technology reports earnings after the closing bell.

Treasury 10-year yields topped 4.3%. A $70 billion sale of five-year notes showed signs of good demand. The dollar hit the highest since November. The yen’s slide to the weakest since 1986 is boosting risk of intervention.