Stocks Close Higher Despite Tommy Bahama's Sink and Bank Fears

The major stock market indexes posted gains on Friday, with the Dow Jones Industrial Average up 0.4%, the Nasdaq up 0.3%, and the S&P 500 up 0.6%. Deutsche Bank's sell-off caused a decline in US big bank stocks. The February durable goods report showed a 1% fall in orders, while the March flash S&P Global Purchasing Managers' Index composite output index hit a 10-month high. Regeneron Pharmaceuticals rose 2.2% following a successful final-phase study on its "smoker's lung" treatment, while Mondelez rose 2.7%. Apparel retailer Oxford Industries fell 12.7% after giving disappointing Q1 earnings guidance.