(CNBC) — Stocks wrapped up the session on a high note, with the Dow logging triple-digit gains, after Federal Reserve Chair Janet Yellen said there’s still room for the central bank to help the economy. But major index ended relatively flat for the first quarter of 2014.
“This week, we’ll see a bit of bargain hunting, especially in the momentum names,” said Art Hogan, chief market strategist at Wunderlich Securities. “Going forward, we might get good news for equities if we continue to see a breakdown in correlations – where we have more weeks where the S&P or Russell 2000 outperform the Nasdaq. It means investors are willing to buy stocks and there’s a differentiation in investing.”
Equities also saw a boost from end-of-quarter “window dressing,” when money managers adjust their positions to improve the look of their portfolios.
