NEW YORK – Wall Street wrapped up a strong first quarter, with major indexes posting gains despite concerns over inflation. The Nasdaq had its best quarter since 2020 with a 2.8% increase, while the Dow Jones rose 150 points on cool inflation data. This comes after the key Fed inflation gauge rose 0.3% in February, less than expected.

Investors were encouraged by a rally in stocks, as the S&P 500 advanced 1.2% in March. It’s been six consecutive months of gains for the index, marking the longest winning streak since 2017. The Nasdaq soared 2.8% during the first quarter, marking a strong start to the year for tech stocks.

Some of the best performing stocks in the quarter included Apple, Microsoft, and Amazon, all of which saw gains of more than 5%. Investors are closely watching the recovery of the economy and the potential impact of rising inflation on the market.

Despite these concerns, traders remain optimistic about the future of the market. Many believe that the ongoing vaccination efforts and stimulus measures will continue to support economic growth and drive up stock prices.

Overall, the market remains volatile, with a lot of uncertainty still surrounding the pandemic and the economy. Nevertheless, investors are continuing to bet on a strong recovery and long-term growth in the stock market.