Stocks Gain as Bitcoin Rebounds; Boeing Soars on FCF Forecast
Traders work on the floor of American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York.
Photographer: Michael Nagle/BloombergUS equities climbed Tuesday alongside a sharp rally in cyptocurrencies as risk sentiment improved and traders bet on the potential for a more dovish pivot by the Federal Reserve.
The S&P 500 Index closed 0.3% higher, led by the industrials and information technology sectors. Boeing Co. saw the biggest gains in the index as the planemaker’s stock jumped 10%, the most since April, after signaling it would generate positive free cash flow next year.