US Stocks Gain on Embrace of ‘Goldilocks’ Mood: Markets Wrap
- January retail sales jump by the most in nearly two years
- ‘Economy is generally performing better than expected’: Adams
US stocks closed higher and Treasuries slid as investors picked through another batch of solid economic data to find different takeaways, even as worries mounted that it would force a hawkish response from the Federal Reserve.
The S&P 500 rose 0.3% after earlier dropping more than 0.75%. The Nasdaq 100 climbed 0.8%. Two-year Treasury yields held near 4.60%. The dollar advanced versus major peers.