Volatile week may set stocks for year-end rally
- 9 years ago
This week's back-to-back equities selloff might have been a chance to ride a U.S. stocks rally toward the end of the year, amid the goldilocks economy scenario of a strong jobs market and falling oil prices.
The S&P 500 rallied 2 percent Friday to eke a slight gain for the week, the ninth up week out of the last 10, after the U.S. economy added more jobs than expected in November in a show of the economy's resilience.
The data likely paved the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade, while still keeping the U.S. central bank committed to a shallow and slow pace of increases.
The S&P 500 rallied 2 percent Friday to eke a slight gain for the week, the ninth up week out of the last 10, after the U.S. economy added more jobs than expected in November in a show of the economy's resilience.
The data likely paved the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade, while still keeping the U.S. central bank committed to a shallow and slow pace of increases.