S&P 500 rallies on refreshed rate bets

April 6, 2015 8:34 PM

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US stocks rallied after comments by a Federal Reserve official refocused investors on the implications for interest rate policy of last week's employment data.

The Standard & Poor's 500 Index jumped 0.66 per cent to 2080.64 in New York after falling as much as 0.5 per cent at the session's open. The benchmark closed above its average price for the past 50 days. The Dow added 117.61 points, or 0.66pc, to 17,880.85. The Nasdaq gained 30.38 points, or 0.62pc,...

Also read: Apple’s stock is the biggest drag on the Dow

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