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16 Mar 2015
US stocks rebound
FXStreet (Córdoba) - US stocks ended with decent gains on Monday, rebounding from last week’s losses, while investors await the Federal Reserve policy meeting on Wednesday.
The rally in Wall Street indexes followed European and Asian stocks' move higher. The Dow Jones Industrial Average rose 1.29% to 17,977. The S&P gained 1.35%, to 2,081 and the Nasdaq Composite climbed 1.19% to 4,929.
Meanwhile, oil dropped back below $50 a barrel and gold wavered throughout the day to end little changed at $1,155 an ounce.
The US dollar retreated slightly versus major competitors ahead of the FOMC meeting. EUR/USD briefly rose above 1.0600 while GBP/USD regained the 1.4800 level after both pairs hit multi-year lows on Friday.
The rally in Wall Street indexes followed European and Asian stocks' move higher. The Dow Jones Industrial Average rose 1.29% to 17,977. The S&P gained 1.35%, to 2,081 and the Nasdaq Composite climbed 1.19% to 4,929.
Meanwhile, oil dropped back below $50 a barrel and gold wavered throughout the day to end little changed at $1,155 an ounce.
The US dollar retreated slightly versus major competitors ahead of the FOMC meeting. EUR/USD briefly rose above 1.0600 while GBP/USD regained the 1.4800 level after both pairs hit multi-year lows on Friday.