COMMENTARY Investors breathed a sigh of relief when the Federal Reserve decided to sit tight and not raise short-term interest rates. While rate hikes later this year remain a possibility, for now the markets seem satisfied. For the week, stocks made small gains across a wide variety of sectors. Large-company stocks generally fared the best. Beaten-down utility shares were among the hot performers, with the S&P utility index up 2.9%. That suggests investors may think the interest-rate run-up is just about over.
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