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Wall Street soars to best day since summer, with S&P up 2.6%

Por: Portland Press Herald World October 03, 2022

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NEW YORK — Wall Street soared to its best day in months Monday in a widespread relief rally after some unexpectedly weak data on the economy raised the possibility that the Federal Reserve won’t have to be so aggressive about hiking interest rates. The S&P 500’s leap of 2.6 percent was its biggest since July, the latest swing for a scattershot market that’s been mostly falling this year on worries about a possible global recession. Wall... + full article



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