NEW YORK—Wall Street rallied Tuesday after the Federal Reserve signaled last week’s stunningly strong jobs report won’t by itself change where interest rates are heading, as some investors had feared. The S&P 500 climbed 1.3 percent following a shaky day where stocks pinballed between losses and gains as Fed Chair Jerome Powell gave his first…
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Wall Street Rallies After Swerving on Fed Chair’s Comments
NEW YORK—Wall Street rallied Tuesday after the Federal Reserve signaled last week’s stunningly strong jobs report won’t by itself change where interest rates are heading, as some investors had feared. The S&P 500 climbed 1.3 percent following a shaky day where stocks pinballed between losses and gains as Fed Chair Jerome Powell gave his first…