Wall Street rebounds on last day of the quarter

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March 31, 2009 23:48

 
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Wall Street has ended a tumultuous March on a high note, managing its first winning month this year and its best monthly performance in nearly seven years. Stocks finished off their earlier highs on Tuesday but resumed a three-week rally that has brought the Dow Jones industrials up a total of 16 percent since hitting their lowest level in 12 years on March 9. The Dow rose 7.7 percent overall in March, its biggest monthly gain since October 2002. Technology and financial shares led the rally as large investors loaded up on rising stocks in order to report strong holdings at the end of the first quarter, which ended on Tuesday.

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