Stocks Recover After Last Week's Sell-Off; Investors Look to Fed Meeting, Thinking Tapering Still Unlikely

By Staff,

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Stocks rebounded from a week of mostly declines last week, closing Monday with strong gains ahead of the Fed's start on Tuesday of its final two-day policy-setting meeting of the year. Advances today were supported by economic data pointing to growing strength in many parts of the U.S. and global economies, although the consensus appears to be the recent data has not been so good that the Fed will decide to begin tapering its $85-billion monthly bond purchases this week. Nearly all sectors in the S&P 500 posted gains today, led by industrial and energy stocks. Two traditionally defensive sectors - consumer staples and healthcare - struggled.

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This article appears in: Investing Commodities
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