"Stock Market Records Strongest Q1 Since 2019, S&P 500 Notches Best Start"
The S&P 500 closed higher, securing its strongest first quarter since 2019, with the index gaining 10.16%. The Dow is close to breaching the 40,000 level for the first time. Economic data showed faster-than-expected growth in the fourth quarter and solid job market conditions. Investors are awaiting the release of the Personal Consumption Expenditures Price Index for clues on potential rate cuts by the Federal Reserve. Communication services, tech, and energy were the best performing sectors, while Walgreens saw a rise in shares after its quarterly earnings.