S&P, NASDAQ Close Higher as Wall Street Shakes Off Rate Hike Fears
Shares rose this week after Wall Street rallied to its best day since June after pressures from the bond market relaxed a bit.
The S&P and NASDAQ indexes snap a three-week losing streak. Optimism was fueled by Jerome Powell’s confidence in continued economic growth in the U.S. "The housing sector is also showing signs of picking back up." (Full Story