U.S. stocks climbed, rebounding in the wake of Friday’s rout as investors’ concerns about interest rates eased.
Major U.S. indexes answered their biggest fall since the end of June with their biggest climb since early July on Monday, as investors weighed comments from Federal Reserve officials ahead of next week’s policy meeting.
Monday’s gains accelerated after Fed governor Lael Brainard pushed in a speech for a go-slow approach to raising rates. Two other officials also indicated they are in no hurry, contrasting with previous comments from policy makers that had suggested the central bank could boost rates faster than expected.
from WSJ www.wsj.com/articles...on-stocks-1473666030
U.S. stocks climbed, rebounding in the wake of Friday’s rout as investors’ concerns about interest rates eased.
Major U.S. indexes answered their biggest fall since the end of June with their biggest climb since early July on Monday, as investors weighed comments from Federal Reserve officials ahead of next week’s policy meeting.
Monday’s gains accelerated after Fed governor Lael Brainard pushed in a speech for a go-slow approach to raising rates. Two other officials also indicated they are in no hurry, contrasting with previous comments from policy makers that had suggested the central bank could boost rates faster than expected.