By: Jerome Powell, Laura McCandless
Fresh off a stellar first quarter on Wall Street, the Dow finished the day with a steep triple-digit drop. The S&P 500 finished modestly lower as well, while the Nasdaq traded on both side of the aisle before ultimately closing in the black. Friday's PCE price index reading and subsequent Fed comments were in focus, while Treasury yields clocked their best single-session gain in a month after Fed Chair Powell expressed no rush to cut interest rates any time soon.