Unloved rally in US equities

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Wall Street rallies on strong earnings in the retail sector 
FOMC minutes provided mixed signals
Investors’ attention shift to PMI numbers and Jackson Hole gathering

 

US equity markets enjoyed another day of rally on Wednesday although FOMC minutes indicated divergence in views within the central bank members. The S&P 500 climbed 0.82% while the Dow Jones Industrial Average added 240 points. The positive mood was supported by earning results from retailers after Target and Lowe’s sales numbers provided clear evidence that US consumers continue to spend. For the… Read More:

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