Mar 21 | Daily Finance News

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U.S. STOCK PICKS

Stocks climbed Thursday and technology shares outperformed, adding to the previous session’s gains that led to new records on Wall Street. Thursday’s moves follow a winning day on Wall Street that sent the three major indexes to new closing highs, with the S&P 500 breaking above 5,200 for the first time.
U.S. business activity held steady in March, but prices increased across the board, suggesting that inflation could remain elevated after picking up at the start of the year.
Micron Technology jumped more than 14% on better-than-anticipated earnings and headed for its best day since December 2011. The news lifted other semiconductor stocks, with Nvidia and Advanced Micro Devices last up more than 1% each. Marvell Technology, Intel and Taiwan Semiconductor jumped about 3%. The VanEck Semiconductor ETF surged 2.5%.
Meta Platforms, Microsoft and Amazon adding at least 1%.
Elon Musk companies are gobbling up Nvidia hardware even as Tesla aims to build rival supercomputer.
Reddit prices IPO at $34 per share in first major social media offering since 2019.
February home sales spike 9.5%, the largest monthly gain in a year.

Federal minimum wage rising to $17.30 an hour on April 1.
Deadlines, credits and life changes: the biggest tax pitfalls experts say to avoid.

Closing: 4:00 PM EST

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.