Stocks Climb on Renewed Trade Optimism; Bonds Slip: Markets Wrap

Earlier, the S&P 500 Index closed slightly higher after the Federal Reserve was seen remaining patient in its approach to further hikes without ruling them out if economic growth picks up. “What helped was the Fed acknowledging the global slowdown, the rise in policy uncertainty, and most importantly, that inflation is still going to struggle to have any upward thrust,” Joe Davis, chief economist and head of investment strategy at Vanguard Group Inc., told Bloomberg TV. Next up on traders’ watch lists will be European Central Bank meeting minutes Thursday, followed by President Mario Draghi’s speech on Friday.

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