U.S. Stocks Cap Best Week of 2015 as Interest-Rate Concerns Fade
- S&P 500 jumps as Fed signals economy can withstand tightening
- Consumer shares pace gains on retail earnings, Nike buyback
This article is for subscribers only.
U.S. stock investors stopped worrying about higher interest rates, at least for this week.
The Standard & Poor’s 500 Index surged 3.3 percent to cap its best week of 2015 as Federal Reserve officials signaled the American economy is robust enough to withstand the first rate increase since 2006. Equities overcame investors’ anxieties following the attacks in France, and got further support as Europe’s central bank reiterated its intention to add stimulus if needed.