Pursuits
S&P 500 Caps Best Week Since July in Prelude to Fed Rate Meeting
- Dow Industrials post biggest weekly gain since March
- Volatility remains elevated before Federal Reserve decision
Here's How the Bull Market Continues Post-China
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U.S. stocks climbed for a second day amid light volume, with the Standard & Poor’s 500 Index capping its best week since July before a Federal Reserve interest-rate decision next Thursday.
The S&P 500 rose 0.4 percent to 1,960.73 at 4 p.m. in New York, surging in the final minutes after earlier falling as much as 0.7 percent. The gauge climbed 2.1 percent this week amid wide swings with global stocks before the Fed meeting. The Dow Jones Industrial Average rose 102.69 points, or 0.6 percent, to 16,433.09 and marked its best weekly gain since March. The Nasdaq Composite Index advanced 0.5 percent.