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

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)
Bloomberg
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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