View full page at forexfactory.com

 

U.S. Stocks Rally, Dollar Drops From 12-Year High

From bloomberg.com

U.S. stocks climbed, after equities had their biggest two-day selloff in six weeks, as banks rose and an unexpected drop in retail sales bolstered the case for keeping interest rates low. Morgan Stanley, American Express Co. and Citigroup Inc. added at least 2.7 percent as they announced dividend payments and details on share buybacks after approval from the Federal Reserve following stress tests. Intel Corp. slid after cutting its first-quarter revenue outlook. The Standard & Poor’s 500 Index advanced 1.3 percent to 2,065.95 at the close in New York, after losing 1.9 percent in the previous two sessions. The ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News