U.S. stocks ended higher Tuesday as traders gauged the impact of fresh COVID-19 restrictions in China and awaited Wednesday’s minutes from the most recent Federal Reserve meeting.
- The Dow rose +397.82 or +1.18%
- The S&P 500 ended with a gain of +53.64 or +1.36%
- The Nasdaq advanced +149.90 or +1.36%
Stocks rallied in thin trade as Wall Street continued to expect the Fed to downshift their tightening pace next month, said Edward Moya, senior market analyst at Oanda, in a note.
Concerns about renewed COVID restrictions in China were blamed for market weakness on Monday and may continue to weigh on equities after investors had previously raised hopes for a loosening of curbs.
It’s a holiday-shortened week for Wall Street, where volumes traditionally tend to thin notably in the run-up to Thanksgiving on Thursday and Black Friday……[read more]
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