Financial stocks helped Wall Street extend its win streak into a sixth week. And the S&P 500 returned to positive territory this year. Investors brushed aside data showing consumer confidence fell in March to its lowest level in five months.
In a reuters.com report, Ken Kamen of Mercadien Asset Management said, “The Fed’s action this past week to say we’re going to slow the rate of growth of the interest rate cycle really is giving people some reason to not be so fearful.”
Yvad Billings, Readers Bureau, Fellow
Edited by Jesus Chan
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