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
This article is for subscribers only.
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.