While you were sleeping: Stocks, bonds advance

Mon, 21 Dec 2015

By Margreet Dietz Dec. 22 (BusinessDesk) - Both Wall Street and US Treasuries moved higher amid optimism that the US economy will grow at a pace that will aid corporate profits while keeping the pace of further Federal Reserve interest rate increases in check. In 12.56pm trading in New York, the Dow Jones Industrial Average rose 0.3 percent, while the Nasdaq Composite Index gained 0.6 percent. In 12.41pm trading, the Standard & Poor’s 500 Index added 0.2 percent. “We’ve seen a lot of stimulus over the last year and the market is hoping...

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