U.S. Stocks Advance Amid Economic Data Before Fed Rate Meeting
- Resilient consumers may be looking past market turbulence
- Investors 'waiting on the Fed' interest rate decision
Two Reasons the Fed May Hold Off on a Rate Hike
This article is for subscribers only.
U.S. stocks rallied, with the Standard & Poor’s 500 Index closing at its highest level in more than two weeks, as retail sales data showed a resilient consumer before the Federal Reserve decides on Thursday whether to raise interest rates.
United Parcel Service Inc. and FedEx Corp. added more than 2.5 percent to pace industrials. Citigroup Inc. and U.S. Bancorp gained at least 2 percent as lenders rose for the first time in three days. Microsoft Corp. and Google Inc. paced a climb among technology companies, rising more than 1.9 percent. Energy shares rebounded, with Chevron Corp. up 1.9 percent as oil gained.