U.S. Stocks Show Scant Signs of Tantrum as Rate Increase Looms
- S&P 500 rises for sixth week in longest rally of 2015
- Yellen comments, jobs data push odds for 2015 hike to 70%
This article is for subscribers only.
The specter of higher interest rates is losing its ability to spook U.S. equity investors.
Growing conviction that a pillar of the six-year bull market will be taken down did little to slow a rally that’s added 12 percent to the Standard & Poor’s 500 Index since August. Equity benchmarks rose for a sixth week even as the best monthly employment report of the year pushed odds for an interest-rate hike in 2015 to 70 percent.