While you were sleeping: Stocks climb on both sides of Atlantic, oil rebounds

Mon, 12 Feb 2018

By Margreet Dietz Feb. 13 (BusinessDesk) - Equities on both sides of the Atlantic advanced, as US Treasury yields stemmed their climb, offering some reprieve from concern about rising interest rates. In 1pm trading in New York, the Dow Jones Industrial Average rallied 1.8 percent, while the Nasdaq Composite Index increased 1.5 percent. In 12.46pm trading, the Standard & Poor’s 500 Index gained 1.4 percent. Wall Street’s fear gauge—the CBOE Volatility Index or the VIX—dropped 7.3 percent to 26.94 as of 12.55pm in New York. “The base...

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