Just another WordPress site
A 4.3-percent jump in the S&P energy sector laid the foundation for the S&P 500's strongest session so far this year. After dropping earlier this week to 2014 lows, the S&P 500 has recovered in the past two sessions to end the week 1.4-percent higher. The Dow Jones industrial average rallied 1.33 percent to finish the session at 16,093.51 points while the S&P 500 surged 2.03 percent to 1,906.9.
Go here to read the rest:
Wall Street rally stamps exclamation point on volatile week
China's 2015 growth hit 6.9 percent after the fourth quarter slowed to 6.8 percent, capping a tumultuous year in which concerns about Beijing ability to rebalance the slowing economy have rattled investors across markets. “By no means is this indicative of the worst is over,” said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.
View original post here:
Wall Street up on optimism from China data, bank earnings
NEW YORK (Reuters) – U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy.
Continued here:
Wall Street rallies on gradual Fed tightening, improving economy
By Trevor Hunnicutt NEW YORK (Reuters) – It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz's clients are concerned, that might as well be ancient history. “People have a thirty-second memory,” said Katz, 65, co-chairman at Evensky & Katz/Foldes Financial Wealth Management. “We're used to an instant turnaround.” That is particularly true when compared to investors who lived through longer periods of economic disaster, like the stagnant economy and rampant inflation of the 1970s or the Great Depression in the 1930s.
More here:
Wall Street veterans say rate-hike past is not prologue for markets