Market Snapshot: Stock market climbs in broad rally, but quarterly losses in store

U.S. stocks closed sharply higher Thursday, with major indexes climbing 1% in a broad rally that had nearly every sector participate in the gains and post strong weekly advances.

Even so, the Dow Jones Industrial Average and the S&P 500 index broke a lengthy string of quarterly gains, and also closed down for the month of March.

See: Which markets are closed on Good Friday?

What are the main benchmarks doing?

The Dow Jones Industrial Average DJIA, +1.07% rose 309 points, or 1.2%, to 24,143. The S&P 500 SPX, +1.38% rose 37 points to 2,642, a gain of 1.4%.

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