Jan
31
U.S. Equities Rally to Best Month in Three Years: Markets Wrap
By-
Treasury yields decline after dovish Federal Reserve statement
- Positive reports from General Electric, Facebook fuel jump
U.S. stocks rallied to cap their biggest monthly gain in three years as better-than-expected corporate earnings and the Federal Reserve’s dovish turn lifted investor sentiment.
Technology shares led advances as the S&P 500 Index closed at an eight-week high. General Electric Co. and Facebook Inc. both surged more than 10 percent after traders cheered their quarterly results. Emerging-market shares advanced while Treasury yields fell a day after signals from the Fed that it will be “patient” on interest-rate moves and flexible on reducing its balance sheet…
U.S. Equities Rally to Best Month in Three Years: Markets Wrap
