Stocks Rally on Expectations for Euro-Zone Stimulus; S&P 500 Crosses Above 2,000 Before Easing

By Staff,

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U.S. equity prices were sharply higher Monday, with the S&P 500 climbing above its psychologically key level of 2,000 before easing slightly in more recent trade. Gains in the biotech sector elevated the Nasdaq Composite to another 14-year high, while financial stocks were fueling the blue-chip index higher. The positive mood was carried by expectations European central bankers were set to provide more stimulus into the regional economy while lackluster economic data at home worked to throw cold water on prospects the Federal Reserve could soon raise interest rates.

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This article appears in: Investing Commodities
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