Economics
U.S. Stocks Rise as Oil Rebound Overshadows Credit, Growth Worry
- Crude oil rallies after lurching between gains and losses
- Equity investors watching turbulence in high-yield bonds
Ready, Set, Hike? What to Expect From the Fed This Week
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U.S. stocks rose, surging in the final minutes of trading as a rebound in crude oil overshadowed credit market turbulence and weakness in commodity shares before the Federal Reserve prepares to raise interest rates.
The Standard & Poor’s 500 Index wiped out a 1 percent drop that briefly took the benchmark to its lowest since Oct. 6, as Chevron Corp. and Exxon Mobil Corp. rallied more than 2.2 percent. Amazon.com Inc. and Microsoft Corp. added at least 2 percent to help pace Monday’s advance.