🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 163 (from laksa070)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa163.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical, ml_categories_json AS ml_categories_json, ml_types_json AS ml_types_json, ml_intent_types_json AS ml_intent_types_json, meta_language AS meta_language, attrs_author AS attrs_author, ifNull(toUnixTimestamp(attrs_publish_time), 0) AS attrs_publish_time, ifNull(toUnixTimestamp(attrs_original_publish_time), 0) AS attrs_original_publish_time, ifNull(attrs_is_republished, 0) AS attrs_is_republished, ifNull(attrs_nr_words, 0) AS attrs_nr_words, ifNull(attrs_boilerpipe_nr_words, 0) AS attrs_boilerpipe_nr_words, ifNull(body_ext_links_number, 0) AS body_ext_links_number, ifNull(body_int_links_number, 0) AS body_int_links_number, ifNull(meta_nofollow, 0) AS meta_nofollow, ifNull(meta_noarchive, 0) AS meta_noarchive, ifNull(props_was_rendered, 0) AS props_was_rendered, ifNull(src_redirect, \'\') AS src_redirect, ifNull(download_time_msec, 0) AS download_time_msec, ifNull(download_ttfb_msec, 0) AS download_ttfb_msec, ifNull(download_size, 0) AS download_size FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases","crawl_time":1776640630,"first_indexed_time":1616674912,"http_code":200,"src_unparsed":"com,foxbusiness!www,\/markets\/stocks-powell-fed-asset-purchases s443","src_root_hash":"11899573368979483563","history_drop_reason":null,"meta_title":"Stocks spike as financials, materials rally on economic recovery prospects | Fox Business","meta_descriptions":["U.S. stocks shook off a warning from Fed Chair Powell and focused on jobless claims and GDP improvements"],"attrs_boilerpipe_text":"U.S.\nequity markets\n curbed earlier losses and raced to gains in the late afternoon as President Biden conducted his first press conference since taking office and weekly jobless claims fell to the lowest level of the pandemic.\nTicker\nSecurity\nLast\nChange\nChange %\nI:DJI\nDOW JONES AVERAGES\n49447.43\n+868.71\n+1.79%\nSP500\nS&P 500\n7126.06\n+84.78\n+1.20%\nI:COMP\nNASDAQ COMPOSITE INDEX\n24468.480363\n+365.78\n+1.52%\nThe Dow Jones Industrial Average rose 200 points, or 0.62%, while the S&P 500 and the Nasdaq Composite advanced 0.52% and 0.12%, respectively.\nFinancials, materials and industrials helped lead the rebound on prospects of the economic recovery.\nTicker\nSecurity\nLast\nChange\nChange %\nXLF\nFINANCIAL SELECT SECTOR SPDR ETF\n52.43\n+0.40\n+0.77%\nXLB\nMATERIALS SELECT SECTOR SPDR ETF\n51.88\n+0.13\n+0.25%\nXLI\nINDUSTRIAL SELECT SECTOR SPDR ETF\n173.51\n+3.18\n+1.87%\nThe Dow traded lower by as many as 373 points midday as stocks saw early selling pressure after\nFederal Reserve\nChairman Jerome Powell warned the central bank could begin tapering its asset purchase program.\n“As we make substantial further progress toward our goals, we’ll gradually roll back the amount of Treasurys and mortgage-backed securities we’ve bought,” Powell told NPR’s “Morning Edition.”\nPowell's comments came as initial jobless claims fell to a coronavirus pandemic low of 684,000 and fourth-quarter GDP was revised up to 4.3% from 4.1%.\nUNEMPLOYMENT CLAIMS SINK TO PANDEMIC LOWS\nIn stock news, Darden Restaurants Inc. reported stronger-than-expected quarterly revenue and said that same-store sales at its Olive Garden and Longhorn Steakhouse brands have surpassed pre-pandemic levels during the second half of March. The company also announced minimum wage, including tips, will be raised to $10 per hour beginning on Monday and increased to $12 an hour by 2023.\nTicker\nSecurity\nLast\nChange\nChange %\nDRI\nDARDEN RESTAURANTS INC.\n201.07\n+4.41\n+2.24%\nGameStop\nshares soared on reports the video-game maker continues to shake-up management with the exodus of several board members.\nTicker\nSecurity\nLast\nChange\nChange %\nGME\nGAMESTOP CORP.\n24.55\n-0.63\n-2.50%\nAs for other movers, tech shares that surged during the early stages of the pandemic were sharply lower with Square Inc., Tesla Inc. and Peloton Interactive Inc. among the biggest decliners.\nTicker\nSecurity\nLast\nChange\nChange %\nSQ\nNO DATA AVAILABLE\n-\n-\n-\nPTON\nPELOTON INTERACTIVE INC.\n5.10\n+0.07\n+1.39%\nTSLA\nTESLA INC.\n400.62\n+11.72\n+3.01%\nElsewhere, Chinese tech companies traded in the U.S., including Alibaba Group Ltd. and Baidu Inc. were under pressure after the U.S. Securities and Exchange Commission began rolling out new measures that will boot foreign companies off American stock exchanges if they do not comply with audit standards.\nTicker\nSecurity\nLast\nChange\nChange %\nBABA\nALIBABA GROUP HOLDING LTD.\n141.01\n+2.42\n+1.75%\nBIDU\nBAIDU INC.\n126.13\n+1.10\n+0.88%\nNike Inc. shares were weaker after the sneaker giant was criticized on Chinese social media for expressing its concern regarding labor camps in Xinjiang, China.\nTicker\nSecurity\nLast\nChange\nChange %\nNKE\nNIKE INC.\n46.03\n+0.33\n+0.72%\nViacomCBS Inc. shares were lower for a third straight day after announcing a $3 billion offering of 20 million shares of Class B common stock at $85 apiece. The prior two days of selling caused the stock to drop 30% off its all-time high closing price of $100.34.\nTicker\nSecurity\nLast\nChange\nChange %\nVIAC\nNO DATA AVAILABLE\n-\n-\n-\nIn mergers and acquisitions, laser maker Coherent Inc. chose II-VI’s $7 billion buyout offer, spurning a deal made with Lumentum Holdings Inc. a few weeks prior. Coherent shareholders will receive $220 cash and 0.91 II-VI shares for each Coherent share owned.\nTicker\nSecurity\nLast\nChange\nChange %\nCOHR\nCOHERENT CORP.\n345.02\n+17.02\n+5.19%\nLITE\nLUMENTUM HOLDINGS INC.\n894.07\n+2.85\n+0.32%\nElsewhere, Cisco Systems Inc. was upgraded at Goldman Sachs to “buy” from “neutral” and given a $59 price target.\nTicker\nSecurity\nLast\nChange\nChange %\nCSCO\nCISCO SYSTEMS INC.\n86.25\n+1.75\n+2.07%\nIn commodities, West Texas Intermediate crude oil fell $2.62 to $58.56 per barrel and gold slid $8 to $1,724.90 an ounce.\nGET FOX BUSINESS ON THE GO BY CLICKING HERE\n \nOverseas markets were mixed.\nBritain’s FTSE 225 lagged in Europe, declining 1.07% while France’s CAC 40 and Germany’s DAX 30 edged up 0.09% and 0.08%, respectively.\nIn Asia, Japan’s Nikkei 225 outperformed, climbing 1.14%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite ticked down 0.1% and 0.07%, respectively.","attrs_markdown":"[Fox Business](https:\/\/www.foxbusiness.com\/)\n\n- [Personal Finance](https:\/\/www.foxbusiness.com\/personal-finance)\n  - 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[FAQ](https:\/\/help.foxbusiness.com\/hc\/en-us\/sections\/4405278462107-FAQ) - [New Privacy Policy](https:\/\/www.foxbusiness.com\/privacy-policy)\n\n### Recommended Videos\nLeft Arrow\n\n- [![International Energy Agency reports Europe may just have 6 weeks of jet fuel left](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/494e9573-d924-433c-8a96-2a642594464e\/15c84aba-aa72-42d3-acf1-ff3de7550f6b\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393436841112)\n  [International Energy Agency reports Europe may just have 6 weeks of jet fuel left](https:\/\/www.foxbusiness.com\/video\/6393436841112)\n- [![Fed’s Beige Book reveals Iran conflict’s impact on business 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days](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/dacd45c3-7f22-408a-a990-432b4640930d\/5ef5a9da-b0db-4756-a2f5-e6d315b0bd2f\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393255239112)\n  [S\\&P wipes out Iran conflict losses in just 15 days](https:\/\/www.foxbusiness.com\/video\/6393255239112)\n- [![US Steel to restart Gary Tin Mill in 2027](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/bc742923-cd71-44d5-a0c2-04e5298db94e\/33ed1b1e-9cbb-4c31-b83f-386b19bc9eda\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393253050112)\n  [US Steel to restart Gary Tin Mill in 2027](https:\/\/www.foxbusiness.com\/video\/6393253050112)\n- [![Markets rally as US tightens screws on Iran with blockade and sanctions](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/3c7e3a1d-c073-4410-9c86-25f9f4bd8100\/09fcb331-4fe1-464f-b9f5-1579a7d319d2\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393250094112)\n  [Markets rally as US tightens screws on Iran with blockade and sanctions](https:\/\/www.foxbusiness.com\/video\/6393250094112)\n- [![Charles Payne: New highs beget new highs](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/55794390-4af3-47d4-9f04-6e2a67111fd7\/f8a1083e-309c-4312-b8cb-a65846f4ea3c\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393248453112)\n  [Charles Payne: New highs beget new highs](https:\/\/www.foxbusiness.com\/video\/6393248453112)\n- [![PepsiCo CEO credits ‘holistic transformation’ with food giant seeing first growth in more than a year](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/e7f3f3c6-6d33-4d4f-bc64-ab57c1918017\/5f11dd3b-8bde-484b-8168-f6bb2577c975\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393247739112)\n  [PepsiCo CEO credits ‘holistic transformation’ with food giant seeing first growth in more than a year](https:\/\/www.foxbusiness.com\/video\/6393247739112)\n- [![Detroit offers big cash incentives to lure residents amid growth push](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/343099fc-1590-4c58-8ca9-bfb759256485\/d387df93-991e-4012-8cc7-d0ee55760dd3\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393239660112)\n  [Detroit offers big cash incentives to lure residents amid growth push](https:\/\/www.foxbusiness.com\/video\/6393239660112)\n- [![Trump says Israel, Lebanon agree to 10-day ceasefire](https:\/\/a57.foxnews.com\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/e42b7bff-1642-4a79-880f-aabd1a9e64d2\/83c13ab5-9c6f-4508-9d84-d62f3ae3815d\/1280x720\/match\/320\/180\/image.jpg?ve=1&tl=1)](https:\/\/www.foxbusiness.com\/video\/6393238820112)\n  [Trump says Israel, Lebanon agree to 10-day ceasefire](https:\/\/www.foxbusiness.com\/video\/6393238820112)\n\nRight Arrow\n\n[Stocks](https:\/\/www.foxbusiness.com\/category\/stocks)\n\n**Published**\n\nMarch 25, 2021 4:00pm EDT\n# Stocks spike as financials, materials rally on economic recovery prospects\n## Initial jobless claims fell to pandemic low of 684,000\n- [Facebook](https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases)\n- [Twitter](https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases)\n- [Threads](https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases)\n- [Print](https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases)\n- [Email](https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases)\n- [Add Fox Business on Google](https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases)\n\nBy  Jonathan Garber  [FOXBusiness](https:\/\/www.foxbusiness.com\/)\n\n[![Belpointe chief strategist David Nelson, Simpler Trading director of options Danielle Shay and Mahoney Asset Management CEO Ken Mahoney look back on market movements in the last 12 months. ](https:\/\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/8bcef86c-cf26-4638-be47-15e0ce72f900\/b25d754b-88ed-4926-bea7-e96880eabb71\/1280x720\/match\/image.jpg) Video](http:\/\/video.foxbusiness.com\/v\/6243175594001)\n\nU.S. [equity markets](http:\/\/foxbusiness.com\/category\/stocks) curbed earlier losses and raced to gains in the late afternoon as President Biden conducted his first press conference since taking office and weekly jobless claims fell to the lowest level of the pandemic.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [I:DJI](https:\/\/www.foxbusiness.com\/quote?stockTicker=I:DJI) | DOW JONES AVERAGES | 49447\\.43 | \\+868.71 | \\+1.79% |\n| [SP500](https:\/\/www.foxbusiness.com\/quote?stockTicker=SP500) | S\\&P 500 | 7126\\.06 | \\+84.78 | \\+1.20% |\n| [I:COMP](https:\/\/www.foxbusiness.com\/quote?stockTicker=I:COMP) | NASDAQ COMPOSITE INDEX | 24468\\.480363 | \\+365.78 | \\+1.52% |\n\nThe Dow Jones Industrial Average rose 200 points, or 0.62%, while the S\\&P 500 and the Nasdaq Composite advanced 0.52% and 0.12%, respectively.\n\nFinancials, materials and industrials helped lead the rebound on prospects of the economic recovery.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [XLF](https:\/\/www.foxbusiness.com\/quote?stockTicker=XLF) | FINANCIAL SELECT SECTOR SPDR ETF | 52\\.43 | \\+0.40 | \\+0.77% |\n| [XLB](https:\/\/www.foxbusiness.com\/quote?stockTicker=XLB) | MATERIALS SELECT SECTOR SPDR ETF | 51\\.88 | \\+0.13 | \\+0.25% |\n| [XLI](https:\/\/www.foxbusiness.com\/quote?stockTicker=XLI) | INDUSTRIAL SELECT SECTOR SPDR ETF | 173\\.51 | \\+3.18 | \\+1.87% |\n\nThe Dow traded lower by as many as 373 points midday as stocks saw early selling pressure after [Federal Reserve](http:\/\/foxbusiness.com\/category\/the-fed) Chairman Jerome Powell warned the central bank could begin tapering its asset purchase program.\n\n“As we make substantial further progress toward our goals, we’ll gradually roll back the amount of Treasurys and mortgage-backed securities we’ve bought,” Powell told NPR’s “Morning Edition.”\n\nPowell's comments came as initial jobless claims fell to a coronavirus pandemic low of 684,000 and fourth-quarter GDP was revised up to 4.3% from 4.1%.\n\n**[UNEMPLOYMENT CLAIMS SINK TO PANDEMIC LOWS](https:\/\/www.foxbusiness.com\/economy\/unemployment-jobless-claims-coronavirus-pandemic)**\n\nIn stock news, Darden Restaurants Inc. reported stronger-than-expected quarterly revenue and said that same-store sales at its Olive Garden and Longhorn Steakhouse brands have surpassed pre-pandemic levels during the second half of March. The company also announced minimum wage, including tips, will be raised to \\$10 per hour beginning on Monday and increased to \\$12 an hour by 2023.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [DRI](https:\/\/www.foxbusiness.com\/quote?stockTicker=DRI) | DARDEN RESTAURANTS INC. | 201\\.07 | \\+4.41 | \\+2.24% |\n\n[GameStop](https:\/\/www.foxbusiness.com\/markets\/gamestop-board-on-the-verge-of-mass-departures) shares soared on reports the video-game maker continues to shake-up management with the exodus of several board members.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [GME](https:\/\/www.foxbusiness.com\/quote?stockTicker=GME) | GAMESTOP CORP. | 24\\.55 | \\-0.63 | \\-2.50% |\n\nAs for other movers, tech shares that surged during the early stages of the pandemic were sharply lower with Square Inc., Tesla Inc. and Peloton Interactive Inc. among the biggest decliners.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| SQ | NO DATA AVAILABLE | \\- | \\- | \\- |\n| [PTON](https:\/\/www.foxbusiness.com\/quote?stockTicker=PTON) | PELOTON INTERACTIVE INC. | 5\\.10 | \\+0.07 | \\+1.39% |\n| [TSLA](https:\/\/www.foxbusiness.com\/quote?stockTicker=TSLA) | TESLA INC. | 400\\.62 | \\+11.72 | \\+3.01% |\n\nElsewhere, Chinese tech companies traded in the U.S., including Alibaba Group Ltd. and Baidu Inc. were under pressure after the U.S. Securities and Exchange Commission began rolling out new measures that will boot foreign companies off American stock exchanges if they do not comply with audit standards.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [BABA](https:\/\/www.foxbusiness.com\/quote?stockTicker=BABA) | ALIBABA GROUP HOLDING LTD. | 141\\.01 | \\+2.42 | \\+1.75% |\n| [BIDU](https:\/\/www.foxbusiness.com\/quote?stockTicker=BIDU) | BAIDU INC. | 126\\.13 | \\+1.10 | \\+0.88% |\n\nNike Inc. shares were weaker after the sneaker giant was criticized on Chinese social media for expressing its concern regarding labor camps in Xinjiang, China.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [NKE](https:\/\/www.foxbusiness.com\/quote?stockTicker=NKE) | NIKE INC. | 46\\.03 | \\+0.33 | \\+0.72% |\n\nViacomCBS Inc. shares were lower for a third straight day after announcing a \\$3 billion offering of 20 million shares of Class B common stock at \\$85 apiece. The prior two days of selling caused the stock to drop 30% off its all-time high closing price of \\$100.34.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| VIAC | NO DATA AVAILABLE | \\- | \\- | \\- |\n\nIn mergers and acquisitions, laser maker Coherent Inc. chose II-VI’s \\$7 billion buyout offer, spurning a deal made with Lumentum Holdings Inc. a few weeks prior. Coherent shareholders will receive \\$220 cash and 0.91 II-VI shares for each Coherent share owned.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [COHR](https:\/\/www.foxbusiness.com\/quote?stockTicker=COHR) | COHERENT CORP. | 345\\.02 | \\+17.02 | \\+5.19% |\n| [LITE](https:\/\/www.foxbusiness.com\/quote?stockTicker=LITE) | LUMENTUM HOLDINGS INC. | 894\\.07 | \\+2.85 | \\+0.32% |\n\nElsewhere, Cisco Systems Inc. was upgraded at Goldman Sachs to “buy” from “neutral” and given a \\$59 price target.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [CSCO](https:\/\/www.foxbusiness.com\/quote?stockTicker=CSCO) | CISCO SYSTEMS INC. | 86\\.25 | \\+1.75 | \\+2.07% |\n\nIn commodities, West Texas Intermediate crude oil fell \\$2.62 to \\$58.56 per barrel and gold slid \\$8 to \\$1,724.90 an ounce.\n\n**[GET FOX BUSINESS ON THE GO BY CLICKING HERE](https:\/\/www.foxbusiness.com\/apps-products)**\n\nOverseas markets were mixed.\n\nBritain’s FTSE 225 lagged in Europe, declining 1.07% while France’s CAC 40 and Germany’s DAX 30 edged up 0.09% and 0.08%, respectively.\n\nIn Asia, Japan’s Nikkei 225 outperformed, climbing 1.14%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite ticked down 0.1% and 0.07%, respectively.\n\n## U.S. Stock Market Quotes\nAdvertisement\n\nAdvertisement\n\nAdvertisement\n\n![Fox News First](https:\/\/static.foxnews.com\/foxnews.com\/content\/uploads\/2023\/09\/532x120-NEWSLETTER_BIZ-Rundown.png)\n\nArrives Weekly\n\nGet Our Newsletter\n\nGet a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.\n\nWe've added you to our mailing list.\n\n[Subscribe](https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases)\n\nBy clicking subscribe, you agree to the Fox News [Privacy Policy](https:\/\/www.foxnews.com\/privacy-policy) and [Terms of Use](https:\/\/www.foxnews.com\/terms-of-use), and agree to receive content and promotional communications from Fox News. 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Market data provided by [Factset](https:\/\/www.factset.com\/). Powered and implemented by [FactSet Digital Solutions](https:\/\/www.factset.com\/solutions\/business-needs\/digital-solutions). [Legal Statement](https:\/\/www.factset.com\/privacy).\n\nThis material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. [FAQ](https:\/\/help.foxbusiness.com\/hc\/en-us\/sections\/4405278462107-FAQ) - [New Privacy Policy](https:\/\/www.foxbusiness.com\/privacy-policy)\n\n![](https:\/\/smetrics.foxbusiness.com\/b\/ss\/%25OMNITURE_ACCOUNT_ID%25\/1\/H22.1--NS\/1518822074763?pageName=markets:subsection:article&g=https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases) ![](https:\/\/secure-us.imrworldwide.com\/cgi-bin\/m?ci=us-201978h&cg=0&cc=1&si=https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases&ts=noscript&rnd=1518822074763) ![](https:\/\/sb.scorecardresearch.com\/p?c1=2&c2=9013181&c3=&c4=https:\/\/www.foxbusiness.com\/markets\/stocks-powell-fed-asset-purchases&c5=&c6=&c15=&cv=2.2&cj=1)","attrs_readable_markdown":"U.S. [equity markets](http:\/\/foxbusiness.com\/category\/stocks) curbed earlier losses and raced to gains in the late afternoon as President Biden conducted his first press conference since taking office and weekly jobless claims fell to the lowest level of the pandemic.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [I:DJI](https:\/\/www.foxbusiness.com\/quote?stockTicker=I:DJI) | DOW JONES AVERAGES | 49447\\.43 | \\+868.71 | \\+1.79% |\n| [SP500](https:\/\/www.foxbusiness.com\/quote?stockTicker=SP500) | S\\&P 500 | 7126\\.06 | \\+84.78 | \\+1.20% |\n| [I:COMP](https:\/\/www.foxbusiness.com\/quote?stockTicker=I:COMP) | NASDAQ COMPOSITE INDEX | 24468\\.480363 | \\+365.78 | \\+1.52% |\n\nThe Dow Jones Industrial Average rose 200 points, or 0.62%, while the S\\&P 500 and the Nasdaq Composite advanced 0.52% and 0.12%, respectively.\n\nFinancials, materials and industrials helped lead the rebound on prospects of the economic recovery.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [XLF](https:\/\/www.foxbusiness.com\/quote?stockTicker=XLF) | FINANCIAL SELECT SECTOR SPDR ETF | 52\\.43 | \\+0.40 | \\+0.77% |\n| [XLB](https:\/\/www.foxbusiness.com\/quote?stockTicker=XLB) | MATERIALS SELECT SECTOR SPDR ETF | 51\\.88 | \\+0.13 | \\+0.25% |\n| [XLI](https:\/\/www.foxbusiness.com\/quote?stockTicker=XLI) | INDUSTRIAL SELECT SECTOR SPDR ETF | 173\\.51 | \\+3.18 | \\+1.87% |\n\nThe Dow traded lower by as many as 373 points midday as stocks saw early selling pressure after [Federal Reserve](http:\/\/foxbusiness.com\/category\/the-fed) Chairman Jerome Powell warned the central bank could begin tapering its asset purchase program.\n\n“As we make substantial further progress toward our goals, we’ll gradually roll back the amount of Treasurys and mortgage-backed securities we’ve bought,” Powell told NPR’s “Morning Edition.”\n\nPowell's comments came as initial jobless claims fell to a coronavirus pandemic low of 684,000 and fourth-quarter GDP was revised up to 4.3% from 4.1%.\n\n**[UNEMPLOYMENT CLAIMS SINK TO PANDEMIC LOWS](https:\/\/www.foxbusiness.com\/economy\/unemployment-jobless-claims-coronavirus-pandemic)**\n\nIn stock news, Darden Restaurants Inc. reported stronger-than-expected quarterly revenue and said that same-store sales at its Olive Garden and Longhorn Steakhouse brands have surpassed pre-pandemic levels during the second half of March. The company also announced minimum wage, including tips, will be raised to \\$10 per hour beginning on Monday and increased to \\$12 an hour by 2023.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [DRI](https:\/\/www.foxbusiness.com\/quote?stockTicker=DRI) | DARDEN RESTAURANTS INC. | 201\\.07 | \\+4.41 | \\+2.24% |\n\n[GameStop](https:\/\/www.foxbusiness.com\/markets\/gamestop-board-on-the-verge-of-mass-departures) shares soared on reports the video-game maker continues to shake-up management with the exodus of several board members.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [GME](https:\/\/www.foxbusiness.com\/quote?stockTicker=GME) | GAMESTOP CORP. | 24\\.55 | \\-0.63 | \\-2.50% |\n\nAs for other movers, tech shares that surged during the early stages of the pandemic were sharply lower with Square Inc., Tesla Inc. and Peloton Interactive Inc. among the biggest decliners.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| SQ | NO DATA AVAILABLE | \\- | \\- | \\- |\n| [PTON](https:\/\/www.foxbusiness.com\/quote?stockTicker=PTON) | PELOTON INTERACTIVE INC. | 5\\.10 | \\+0.07 | \\+1.39% |\n| [TSLA](https:\/\/www.foxbusiness.com\/quote?stockTicker=TSLA) | TESLA INC. | 400\\.62 | \\+11.72 | \\+3.01% |\n\nElsewhere, Chinese tech companies traded in the U.S., including Alibaba Group Ltd. and Baidu Inc. were under pressure after the U.S. Securities and Exchange Commission began rolling out new measures that will boot foreign companies off American stock exchanges if they do not comply with audit standards.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [BABA](https:\/\/www.foxbusiness.com\/quote?stockTicker=BABA) | ALIBABA GROUP HOLDING LTD. | 141\\.01 | \\+2.42 | \\+1.75% |\n| [BIDU](https:\/\/www.foxbusiness.com\/quote?stockTicker=BIDU) | BAIDU INC. | 126\\.13 | \\+1.10 | \\+0.88% |\n\nNike Inc. shares were weaker after the sneaker giant was criticized on Chinese social media for expressing its concern regarding labor camps in Xinjiang, China.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [NKE](https:\/\/www.foxbusiness.com\/quote?stockTicker=NKE) | NIKE INC. | 46\\.03 | \\+0.33 | \\+0.72% |\n\nViacomCBS Inc. shares were lower for a third straight day after announcing a \\$3 billion offering of 20 million shares of Class B common stock at \\$85 apiece. The prior two days of selling caused the stock to drop 30% off its all-time high closing price of \\$100.34.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| VIAC | NO DATA AVAILABLE | \\- | \\- | \\- |\n\nIn mergers and acquisitions, laser maker Coherent Inc. chose II-VI’s \\$7 billion buyout offer, spurning a deal made with Lumentum Holdings Inc. a few weeks prior. Coherent shareholders will receive \\$220 cash and 0.91 II-VI shares for each Coherent share owned.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [COHR](https:\/\/www.foxbusiness.com\/quote?stockTicker=COHR) | COHERENT CORP. | 345\\.02 | \\+17.02 | \\+5.19% |\n| [LITE](https:\/\/www.foxbusiness.com\/quote?stockTicker=LITE) | LUMENTUM HOLDINGS INC. | 894\\.07 | \\+2.85 | \\+0.32% |\n\nElsewhere, Cisco Systems Inc. was upgraded at Goldman Sachs to “buy” from “neutral” and given a \\$59 price target.\n\n| Ticker | Security | Last | Change | Change % |\n|---|---|---|---|---|\n| [CSCO](https:\/\/www.foxbusiness.com\/quote?stockTicker=CSCO) | CISCO SYSTEMS INC. | 86\\.25 | \\+1.75 | \\+2.07% |\n\nIn commodities, West Texas Intermediate crude oil fell \\$2.62 to \\$58.56 per barrel and gold slid \\$8 to \\$1,724.90 an ounce.\n\n**[GET FOX BUSINESS ON THE GO BY CLICKING HERE](https:\/\/www.foxbusiness.com\/apps-products)**\n\nOverseas markets were mixed.\n\nBritain’s FTSE 225 lagged in Europe, declining 1.07% while France’s CAC 40 and Germany’s DAX 30 edged up 0.09% and 0.08%, respectively.\n\nIn Asia, Japan’s Nikkei 225 outperformed, climbing 1.14%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite ticked down 0.1% and 0.07%, respectively.","meta_canonical":null,"ml_categories_json":"","ml_types_json":"","ml_intent_types_json":"","meta_language":"en-us","attrs_author":"Jonathan Garber","attrs_publish_time":1616673841,"attrs_original_publish_time":1616673841,"attrs_is_republished":0,"attrs_nr_words":"1484","attrs_boilerpipe_nr_words":"722","body_ext_links_number":23,"body_int_links_number":135,"meta_nofollow":0,"meta_noarchive":0,"props_was_rendered":0,"src_redirect":"","download_time_msec":7225,"download_ttfb_msec":7209,"download_size":44270}

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URL	https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases
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Meta Title	Stocks spike as financials, materials rally on economic recovery prospects \| Fox Business
Meta Description	U.S. stocks shook off a warning from Fed Chair Powell and focused on jobless claims and GDP improvements
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Boilerpipe Text	U.S. equity markets curbed earlier losses and raced to gains in the late afternoon as President Biden conducted his first press conference since taking office and weekly jobless claims fell to the lowest level of the pandemic. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 49447.43 +868.71 +1.79% SP500 S&P 500 7126.06 +84.78 +1.20% I:COMP NASDAQ COMPOSITE INDEX 24468.480363 +365.78 +1.52% The Dow Jones Industrial Average rose 200 points, or 0.62%, while the S&P 500 and the Nasdaq Composite advanced 0.52% and 0.12%, respectively. Financials, materials and industrials helped lead the rebound on prospects of the economic recovery. Ticker Security Last Change Change % XLF FINANCIAL SELECT SECTOR SPDR ETF 52.43 +0.40 +0.77% XLB MATERIALS SELECT SECTOR SPDR ETF 51.88 +0.13 +0.25% XLI INDUSTRIAL SELECT SECTOR SPDR ETF 173.51 +3.18 +1.87% The Dow traded lower by as many as 373 points midday as stocks saw early selling pressure after Federal Reserve Chairman Jerome Powell warned the central bank could begin tapering its asset purchase program. “As we make substantial further progress toward our goals, we’ll gradually roll back the amount of Treasurys and mortgage-backed securities we’ve bought,” Powell told NPR’s “Morning Edition.” Powell's comments came as initial jobless claims fell to a coronavirus pandemic low of 684,000 and fourth-quarter GDP was revised up to 4.3% from 4.1%. UNEMPLOYMENT CLAIMS SINK TO PANDEMIC LOWS In stock news, Darden Restaurants Inc. reported stronger-than-expected quarterly revenue and said that same-store sales at its Olive Garden and Longhorn Steakhouse brands have surpassed pre-pandemic levels during the second half of March. The company also announced minimum wage, including tips, will be raised to $10 per hour beginning on Monday and increased to $12 an hour by 2023. Ticker Security Last Change Change % DRI DARDEN RESTAURANTS INC. 201.07 +4.41 +2.24% GameStop shares soared on reports the video-game maker continues to shake-up management with the exodus of several board members. Ticker Security Last Change Change % GME GAMESTOP CORP. 24.55 -0.63 -2.50% As for other movers, tech shares that surged during the early stages of the pandemic were sharply lower with Square Inc., Tesla Inc. and Peloton Interactive Inc. among the biggest decliners. Ticker Security Last Change Change % SQ NO DATA AVAILABLE - - - PTON PELOTON INTERACTIVE INC. 5.10 +0.07 +1.39% TSLA TESLA INC. 400.62 +11.72 +3.01% Elsewhere, Chinese tech companies traded in the U.S., including Alibaba Group Ltd. and Baidu Inc. were under pressure after the U.S. Securities and Exchange Commission began rolling out new measures that will boot foreign companies off American stock exchanges if they do not comply with audit standards. Ticker Security Last Change Change % BABA ALIBABA GROUP HOLDING LTD. 141.01 +2.42 +1.75% BIDU BAIDU INC. 126.13 +1.10 +0.88% Nike Inc. shares were weaker after the sneaker giant was criticized on Chinese social media for expressing its concern regarding labor camps in Xinjiang, China. Ticker Security Last Change Change % NKE NIKE INC. 46.03 +0.33 +0.72% ViacomCBS Inc. shares were lower for a third straight day after announcing a $3 billion offering of 20 million shares of Class B common stock at $85 apiece. The prior two days of selling caused the stock to drop 30% off its all-time high closing price of $100.34. Ticker Security Last Change Change % VIAC NO DATA AVAILABLE - - - In mergers and acquisitions, laser maker Coherent Inc. chose II-VI’s $7 billion buyout offer, spurning a deal made with Lumentum Holdings Inc. a few weeks prior. Coherent shareholders will receive $220 cash and 0.91 II-VI shares for each Coherent share owned. Ticker Security Last Change Change % COHR COHERENT CORP. 345.02 +17.02 +5.19% LITE LUMENTUM HOLDINGS INC. 894.07 +2.85 +0.32% Elsewhere, Cisco Systems Inc. was upgraded at Goldman Sachs to “buy” from “neutral” and given a $59 price target. Ticker Security Last Change Change % CSCO CISCO SYSTEMS INC. 86.25 +1.75 +2.07% In commodities, West Texas Intermediate crude oil fell $2.62 to $58.56 per barrel and gold slid $8 to $1,724.90 an ounce. GET FOX BUSINESS ON THE GO BY CLICKING HERE Overseas markets were mixed. Britain’s FTSE 225 lagged in Europe, declining 1.07% while France’s CAC 40 and Germany’s DAX 30 edged up 0.09% and 0.08%, respectively. In Asia, Japan’s Nikkei 225 outperformed, climbing 1.14%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite ticked down 0.1% and 0.07%, respectively.
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[![Kenny Polcari suspects year will end higher: 'I'm bullish on it'](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/e44ebd92-f7a9-4c27-8b74-fe2bbc5baf85/04d8bd35-28cc-467d-88b1-0453e77610d5/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393300385112) [Kenny Polcari suspects year will end higher: 'I'm bullish on it'](https://www.foxbusiness.com/video/6393300385112) - [![Netflix faces new era as 'icon' Reed Hastings steps down after 29 years](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/4798cd14-10b4-41da-b056-fb59e84a523e/57753fe2-0745-4a06-abee-3552e3c10d73/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393299273112) [Netflix faces new era as 'icon' Reed Hastings steps down after 29 years](https://www.foxbusiness.com/video/6393299273112) - [![NYC real estate brokers blast Hochul's pied-à-terre tax as Mamdani vows support](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/ca019926-d693-442e-8a8a-7d975f6767ca/da8d69aa-30f8-42f2-9a17-f6a3120736c4/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393294692112) [NYC real estate brokers blast Hochul's pied-à-terre tax as Mamdani vows support](https://www.foxbusiness.com/video/6393294692112) - [![There's 'so much potential' for Credo, research analyst says](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/e45d04ad-1d7b-4813-ae46-092f5f146be7/7e2fd1c4-a13b-4075-8c5e-8a2b71698c9a/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393258362112) [There's 'so much potential' for Credo, research analyst says](https://www.foxbusiness.com/video/6393258362112) - [![Person in bear costume caught on video attacking luxury cars in alleged insurance scam](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/b0689328-f65c-49fa-b05c-0123c5fb694b/56872c83-ae32-426a-8cad-18644568ac29/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393257431112) [Person in bear costume caught on video attacking luxury cars in alleged insurance scam](https://www.foxbusiness.com/video/6393257431112) - [![S\&P wipes out Iran conflict losses in just 15 days](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/dacd45c3-7f22-408a-a990-432b4640930d/5ef5a9da-b0db-4756-a2f5-e6d315b0bd2f/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393255239112) [S\&P wipes out Iran conflict losses in just 15 days](https://www.foxbusiness.com/video/6393255239112) - [![US Steel to restart Gary Tin Mill in 2027](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/bc742923-cd71-44d5-a0c2-04e5298db94e/33ed1b1e-9cbb-4c31-b83f-386b19bc9eda/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393253050112) [US Steel to restart Gary Tin Mill in 2027](https://www.foxbusiness.com/video/6393253050112) - [![Markets rally as US tightens screws on Iran with blockade and sanctions](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/3c7e3a1d-c073-4410-9c86-25f9f4bd8100/09fcb331-4fe1-464f-b9f5-1579a7d319d2/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393250094112) [Markets rally as US tightens screws on Iran with blockade and sanctions](https://www.foxbusiness.com/video/6393250094112) - [![Charles Payne: New highs beget new highs](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/55794390-4af3-47d4-9f04-6e2a67111fd7/f8a1083e-309c-4312-b8cb-a65846f4ea3c/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393248453112) [Charles Payne: New highs beget new highs](https://www.foxbusiness.com/video/6393248453112) - [![PepsiCo CEO credits ‘holistic transformation’ with food giant seeing first growth in more than a year](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/e7f3f3c6-6d33-4d4f-bc64-ab57c1918017/5f11dd3b-8bde-484b-8168-f6bb2577c975/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393247739112) [PepsiCo CEO credits ‘holistic transformation’ with food giant seeing first growth in more than a year](https://www.foxbusiness.com/video/6393247739112) - [![Detroit offers big cash incentives to lure residents amid growth push](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/343099fc-1590-4c58-8ca9-bfb759256485/d387df93-991e-4012-8cc7-d0ee55760dd3/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393239660112) [Detroit offers big cash incentives to lure residents amid growth push](https://www.foxbusiness.com/video/6393239660112) - [![Trump says Israel, Lebanon agree to 10-day ceasefire](https://a57.foxnews.com/cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/e42b7bff-1642-4a79-880f-aabd1a9e64d2/83c13ab5-9c6f-4508-9d84-d62f3ae3815d/1280x720/match/320/180/image.jpg?ve=1&tl=1)](https://www.foxbusiness.com/video/6393238820112) [Trump says Israel, Lebanon agree to 10-day ceasefire](https://www.foxbusiness.com/video/6393238820112) Right Arrow [Stocks](https://www.foxbusiness.com/category/stocks) Published March 25, 2021 4:00pm EDT # Stocks spike as financials, materials rally on economic recovery prospects ## Initial jobless claims fell to pandemic low of 684,000 - [Facebook](https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases) - [Twitter](https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases) - [Threads](https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases) - [Print](https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases) - [Email](https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases) - [Add Fox Business on Google](https://www.foxbusiness.com/markets/stocks-powell-fed-asset-purchases) By Jonathan Garber [FOXBusiness](https://www.foxbusiness.com/) [![Belpointe chief strategist David Nelson, Simpler Trading director of options Danielle Shay and Mahoney Asset Management CEO Ken Mahoney look back on market movements in the last 12 months. ](https://cf-images.us-east-1.prod.boltdns.net/v1/static/854081161001/8bcef86c-cf26-4638-be47-15e0ce72f900/b25d754b-88ed-4926-bea7-e96880eabb71/1280x720/match/image.jpg) Video](http://video.foxbusiness.com/v/6243175594001) U.S. [equity markets](http://foxbusiness.com/category/stocks) curbed earlier losses and raced to gains in the late afternoon as President Biden conducted his first press conference since taking office and weekly jobless claims fell to the lowest level of the pandemic. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [I:DJI](https://www.foxbusiness.com/quote?stockTicker=I:DJI) \| DOW JONES AVERAGES \| 49447\.43 \| \+868.71 \| \+1.79% \| \| [SP500](https://www.foxbusiness.com/quote?stockTicker=SP500) \| S\&P 500 \| 7126\.06 \| \+84.78 \| \+1.20% \| \| [I:COMP](https://www.foxbusiness.com/quote?stockTicker=I:COMP) \| NASDAQ COMPOSITE INDEX \| 24468\.480363 \| \+365.78 \| \+1.52% \| The Dow Jones Industrial Average rose 200 points, or 0.62%, while the S\&P 500 and the Nasdaq Composite advanced 0.52% and 0.12%, respectively. Financials, materials and industrials helped lead the rebound on prospects of the economic recovery. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [XLF](https://www.foxbusiness.com/quote?stockTicker=XLF) \| FINANCIAL SELECT SECTOR SPDR ETF \| 52\.43 \| \+0.40 \| \+0.77% \| \| [XLB](https://www.foxbusiness.com/quote?stockTicker=XLB) \| MATERIALS SELECT SECTOR SPDR ETF \| 51\.88 \| \+0.13 \| \+0.25% \| \| [XLI](https://www.foxbusiness.com/quote?stockTicker=XLI) \| INDUSTRIAL SELECT SECTOR SPDR ETF \| 173\.51 \| \+3.18 \| \+1.87% \| The Dow traded lower by as many as 373 points midday as stocks saw early selling pressure after [Federal Reserve](http://foxbusiness.com/category/the-fed) Chairman Jerome Powell warned the central bank could begin tapering its asset purchase program. “As we make substantial further progress toward our goals, we’ll gradually roll back the amount of Treasurys and mortgage-backed securities we’ve bought,” Powell told NPR’s “Morning Edition.” Powell's comments came as initial jobless claims fell to a coronavirus pandemic low of 684,000 and fourth-quarter GDP was revised up to 4.3% from 4.1%. [UNEMPLOYMENT CLAIMS SINK TO PANDEMIC LOWS](https://www.foxbusiness.com/economy/unemployment-jobless-claims-coronavirus-pandemic) In stock news, Darden Restaurants Inc. reported stronger-than-expected quarterly revenue and said that same-store sales at its Olive Garden and Longhorn Steakhouse brands have surpassed pre-pandemic levels during the second half of March. The company also announced minimum wage, including tips, will be raised to \$10 per hour beginning on Monday and increased to \$12 an hour by 2023. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [DRI](https://www.foxbusiness.com/quote?stockTicker=DRI) \| DARDEN RESTAURANTS INC. \| 201\.07 \| \+4.41 \| \+2.24% \| [GameStop](https://www.foxbusiness.com/markets/gamestop-board-on-the-verge-of-mass-departures) shares soared on reports the video-game maker continues to shake-up management with the exodus of several board members. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [GME](https://www.foxbusiness.com/quote?stockTicker=GME) \| GAMESTOP CORP. \| 24\.55 \| \-0.63 \| \-2.50% \| As for other movers, tech shares that surged during the early stages of the pandemic were sharply lower with Square Inc., Tesla Inc. and Peloton Interactive Inc. among the biggest decliners. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| SQ \| NO DATA AVAILABLE \| \- \| \- \| \- \| \| [PTON](https://www.foxbusiness.com/quote?stockTicker=PTON) \| PELOTON INTERACTIVE INC. \| 5\.10 \| \+0.07 \| \+1.39% \| \| [TSLA](https://www.foxbusiness.com/quote?stockTicker=TSLA) \| TESLA INC. \| 400\.62 \| \+11.72 \| \+3.01% \| Elsewhere, Chinese tech companies traded in the U.S., including Alibaba Group Ltd. and Baidu Inc. were under pressure after the U.S. Securities and Exchange Commission began rolling out new measures that will boot foreign companies off American stock exchanges if they do not comply with audit standards. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [BABA](https://www.foxbusiness.com/quote?stockTicker=BABA) \| ALIBABA GROUP HOLDING LTD. \| 141\.01 \| \+2.42 \| \+1.75% \| \| [BIDU](https://www.foxbusiness.com/quote?stockTicker=BIDU) \| BAIDU INC. \| 126\.13 \| \+1.10 \| \+0.88% \| Nike Inc. shares were weaker after the sneaker giant was criticized on Chinese social media for expressing its concern regarding labor camps in Xinjiang, China. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [NKE](https://www.foxbusiness.com/quote?stockTicker=NKE) \| NIKE INC. \| 46\.03 \| \+0.33 \| \+0.72% \| ViacomCBS Inc. shares were lower for a third straight day after announcing a \$3 billion offering of 20 million shares of Class B common stock at \$85 apiece. The prior two days of selling caused the stock to drop 30% off its all-time high closing price of \$100.34. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| VIAC \| NO DATA AVAILABLE \| \- \| \- \| \- \| In mergers and acquisitions, laser maker Coherent Inc. chose II-VI’s \$7 billion buyout offer, spurning a deal made with Lumentum Holdings Inc. a few weeks prior. Coherent shareholders will receive \$220 cash and 0.91 II-VI shares for each Coherent share owned. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [COHR](https://www.foxbusiness.com/quote?stockTicker=COHR) \| COHERENT CORP. \| 345\.02 \| \+17.02 \| \+5.19% \| \| [LITE](https://www.foxbusiness.com/quote?stockTicker=LITE) \| LUMENTUM HOLDINGS INC. \| 894\.07 \| \+2.85 \| \+0.32% \| Elsewhere, Cisco Systems Inc. was upgraded at Goldman Sachs to “buy” from “neutral” and given a \$59 price target. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [CSCO](https://www.foxbusiness.com/quote?stockTicker=CSCO) \| CISCO SYSTEMS INC. \| 86\.25 \| \+1.75 \| \+2.07% \| In commodities, West Texas Intermediate crude oil fell \$2.62 to \$58.56 per barrel and gold slid \$8 to \$1,724.90 an ounce. [GET FOX BUSINESS ON THE GO BY CLICKING HERE](https://www.foxbusiness.com/apps-products) Overseas markets were mixed. Britain’s FTSE 225 lagged in Europe, declining 1.07% while France’s CAC 40 and Germany’s DAX 30 edged up 0.09% and 0.08%, respectively. In Asia, Japan’s Nikkei 225 outperformed, climbing 1.14%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite ticked down 0.1% and 0.07%, respectively. ## U.S. Stock Market Quotes Advertisement Advertisement Advertisement ![Fox News First](https://static.foxnews.com/foxnews.com/content/uploads/2023/09/532x120-NEWSLETTER_BIZ-Rundown.png) Arrives Weekly Get Our Newsletter Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. We've added you to our mailing list. 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Readable Markdown	U.S. [equity markets](http://foxbusiness.com/category/stocks) curbed earlier losses and raced to gains in the late afternoon as President Biden conducted his first press conference since taking office and weekly jobless claims fell to the lowest level of the pandemic. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [I:DJI](https://www.foxbusiness.com/quote?stockTicker=I:DJI) \| DOW JONES AVERAGES \| 49447\.43 \| \+868.71 \| \+1.79% \| \| [SP500](https://www.foxbusiness.com/quote?stockTicker=SP500) \| S\&P 500 \| 7126\.06 \| \+84.78 \| \+1.20% \| \| [I:COMP](https://www.foxbusiness.com/quote?stockTicker=I:COMP) \| NASDAQ COMPOSITE INDEX \| 24468\.480363 \| \+365.78 \| \+1.52% \| The Dow Jones Industrial Average rose 200 points, or 0.62%, while the S\&P 500 and the Nasdaq Composite advanced 0.52% and 0.12%, respectively. Financials, materials and industrials helped lead the rebound on prospects of the economic recovery. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [XLF](https://www.foxbusiness.com/quote?stockTicker=XLF) \| FINANCIAL SELECT SECTOR SPDR ETF \| 52\.43 \| \+0.40 \| \+0.77% \| \| [XLB](https://www.foxbusiness.com/quote?stockTicker=XLB) \| MATERIALS SELECT SECTOR SPDR ETF \| 51\.88 \| \+0.13 \| \+0.25% \| \| [XLI](https://www.foxbusiness.com/quote?stockTicker=XLI) \| INDUSTRIAL SELECT SECTOR SPDR ETF \| 173\.51 \| \+3.18 \| \+1.87% \| The Dow traded lower by as many as 373 points midday as stocks saw early selling pressure after [Federal Reserve](http://foxbusiness.com/category/the-fed) Chairman Jerome Powell warned the central bank could begin tapering its asset purchase program. “As we make substantial further progress toward our goals, we’ll gradually roll back the amount of Treasurys and mortgage-backed securities we’ve bought,” Powell told NPR’s “Morning Edition.” Powell's comments came as initial jobless claims fell to a coronavirus pandemic low of 684,000 and fourth-quarter GDP was revised up to 4.3% from 4.1%. [UNEMPLOYMENT CLAIMS SINK TO PANDEMIC LOWS](https://www.foxbusiness.com/economy/unemployment-jobless-claims-coronavirus-pandemic) In stock news, Darden Restaurants Inc. reported stronger-than-expected quarterly revenue and said that same-store sales at its Olive Garden and Longhorn Steakhouse brands have surpassed pre-pandemic levels during the second half of March. The company also announced minimum wage, including tips, will be raised to \$10 per hour beginning on Monday and increased to \$12 an hour by 2023. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [DRI](https://www.foxbusiness.com/quote?stockTicker=DRI) \| DARDEN RESTAURANTS INC. \| 201\.07 \| \+4.41 \| \+2.24% \| [GameStop](https://www.foxbusiness.com/markets/gamestop-board-on-the-verge-of-mass-departures) shares soared on reports the video-game maker continues to shake-up management with the exodus of several board members. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [GME](https://www.foxbusiness.com/quote?stockTicker=GME) \| GAMESTOP CORP. \| 24\.55 \| \-0.63 \| \-2.50% \| As for other movers, tech shares that surged during the early stages of the pandemic were sharply lower with Square Inc., Tesla Inc. and Peloton Interactive Inc. among the biggest decliners. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| SQ \| NO DATA AVAILABLE \| \- \| \- \| \- \| \| [PTON](https://www.foxbusiness.com/quote?stockTicker=PTON) \| PELOTON INTERACTIVE INC. \| 5\.10 \| \+0.07 \| \+1.39% \| \| [TSLA](https://www.foxbusiness.com/quote?stockTicker=TSLA) \| TESLA INC. \| 400\.62 \| \+11.72 \| \+3.01% \| Elsewhere, Chinese tech companies traded in the U.S., including Alibaba Group Ltd. and Baidu Inc. were under pressure after the U.S. Securities and Exchange Commission began rolling out new measures that will boot foreign companies off American stock exchanges if they do not comply with audit standards. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [BABA](https://www.foxbusiness.com/quote?stockTicker=BABA) \| ALIBABA GROUP HOLDING LTD. \| 141\.01 \| \+2.42 \| \+1.75% \| \| [BIDU](https://www.foxbusiness.com/quote?stockTicker=BIDU) \| BAIDU INC. \| 126\.13 \| \+1.10 \| \+0.88% \| Nike Inc. shares were weaker after the sneaker giant was criticized on Chinese social media for expressing its concern regarding labor camps in Xinjiang, China. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [NKE](https://www.foxbusiness.com/quote?stockTicker=NKE) \| NIKE INC. \| 46\.03 \| \+0.33 \| \+0.72% \| ViacomCBS Inc. shares were lower for a third straight day after announcing a \$3 billion offering of 20 million shares of Class B common stock at \$85 apiece. The prior two days of selling caused the stock to drop 30% off its all-time high closing price of \$100.34. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| VIAC \| NO DATA AVAILABLE \| \- \| \- \| \- \| In mergers and acquisitions, laser maker Coherent Inc. chose II-VI’s \$7 billion buyout offer, spurning a deal made with Lumentum Holdings Inc. a few weeks prior. Coherent shareholders will receive \$220 cash and 0.91 II-VI shares for each Coherent share owned. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [COHR](https://www.foxbusiness.com/quote?stockTicker=COHR) \| COHERENT CORP. \| 345\.02 \| \+17.02 \| \+5.19% \| \| [LITE](https://www.foxbusiness.com/quote?stockTicker=LITE) \| LUMENTUM HOLDINGS INC. \| 894\.07 \| \+2.85 \| \+0.32% \| Elsewhere, Cisco Systems Inc. was upgraded at Goldman Sachs to “buy” from “neutral” and given a \$59 price target. \| Ticker \| Security \| Last \| Change \| Change % \| \|---\|---\|---\|---\|---\| \| [CSCO](https://www.foxbusiness.com/quote?stockTicker=CSCO) \| CISCO SYSTEMS INC. \| 86\.25 \| \+1.75 \| \+2.07% \| In commodities, West Texas Intermediate crude oil fell \$2.62 to \$58.56 per barrel and gold slid \$8 to \$1,724.90 an ounce. [GET FOX BUSINESS ON THE GO BY CLICKING HERE](https://www.foxbusiness.com/apps-products) Overseas markets were mixed. Britain’s FTSE 225 lagged in Europe, declining 1.07% while France’s CAC 40 and Germany’s DAX 30 edged up 0.09% and 0.08%, respectively. In Asia, Japan’s Nikkei 225 outperformed, climbing 1.14%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite ticked down 0.1% and 0.07%, respectively.
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Language	en-us
Author	Jonathan Garber
Publish Time	2021-03-25 12:04:01 (5 years ago)
Original Publish Time	2021-03-25 12:04:01 (5 years ago)
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