Stocks Surge on Fed Notes

Easing interest rate and inflation concerns, along with optimism about first-quarter earnings, helped push the major indexes higher, despite a record close in oil prices

Stocks jumped on Tuesday, boosted by optimism about first-quarter earnings and easing inflation concerns. The March FOMC minutes showed that most Federal Reserve members thought an end to rate hikes was likely near. The S&P 500 and Nasdaq enjoyed their biggest one-day percentage gains in about a year, overcoming a rise in crude oil to over $71 a barrel.

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