Stocks: Fed-speak sparks rally as Dow jumps 118

April 6, 2015 8:05 PM

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Fears of a Dow sell-off after Friday's weak reading on March job creation gave way to more market-friendly talk Monday from the Federal Reserve and a 120-point gain for the Dow.

Wall Street shrugged off the weak March jobs report, which was released Friday when the stock market was closed for Easter, and drove stocks sharply higher Monday amid a growing sense that the Fed will push back its first rate hike to sometime in the third quarter or perhaps later. Prior to the jobs...

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