Senior Vice President Chris Keith has the market analysis for Thursday, March 28. Despite intraday declines, all major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes advanced slightly, with the Dow Jones Industrial Average and S&P 500 each up 0.4% and the NASDAQ gaining 0.3%. We also saw the measure of fourth-quarter economic growth adjusted lower, with annualized pace falling from 2.6% to 2.2% as result of a downward revision on consumer spending. Meanwhile, Lyft’s stock is scheduled begin trading on the NASDAQ Friday; the rideshare company seeks to raise $2.7 billion in working capital from its initial public offering.
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