Stocks rise in US as dip buyers win tug of war over Fed

Hot inflation sparked the biggest rout in more than two years. (Image: Getty)

Thu, 15 Sep 2022

By Stephen KirklandUS stocks rebounded in late trading a day after hot inflation sparked the biggest rout in more than two years. The dollar fell, while short-end Treasury yields edged higher.After swinging between gains and losses throughout the day, dip buyers emerged to send the S&P 500 into the green at the close. Trading volume was about 20% above the 30-day average for the time of day, as investors weighed the Federal Reserve’s next policy steps. The benchmark sank more than 4% on Tuesday US time, following a shock consumer...

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