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By Staff Reporters
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U.S. stocks found their solid footing in the final hour of back-and-forth trading after all three major indexes logged their worst week in three months. The S&P 500 climbed about 0.7%, while the Dow Jones Industrial Average rose nearly 200 points, or 0.6%. The tech-heavy NASDAQ gained 0.8%.
In the bond market, the benchmark U.S. 10-year Treasury touched 3.5%, its highest level since 2011, while the 2-year Treasury note inched toward 4%.
Investors are gearing up for the Federal Reserve’s two-day policy meeting on Sept. 20-21. The U.S. central bank is expected to deliver a third-straight 75-basis-point increase at the conclusion of discussions on Wednesday at 2:00 p.m. ET.
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Filed under: Alerts Sign-Up, iMBA, Inc., Investing | Tagged: bonds, DJIA, NASDAQ, S&P, solid stocks, stock markets |
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