U.S. Stock Rally Fizzles as Dollar Tumbles, Treasuries Advance

Updated on
  • Focus on gradual tightening lifts emerging stocks, currencies
  • S&P 500 fluctuates after rallying most in four weeks

December Fed Liftoff: How High Will They Go?

The biggest rally in U.S. stocks in four weeks fizzled as UnitedHealth Group Inc.’s profit warning rattled the health-care sector and oil’s descent sank energy producers. The Federal Reserve’s signal that any rate increase would be gradual bolstered bonds and sent the dollar to its biggest slump in a month.

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