Economics
U.S. Stocks Bounce Back After Tax-Cut Passage: Markets Wrap
- Core European yields up; Treasuries tighten; Catalonia votes
- Commodities advance for seventh day; FTSE 100 hits record
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U.S. equities broke a two-session losing streak the day after Congress passed a sweeping tax bill, while Treasuries stopped a week-long slide as third-quarter economic growth was revised lower.
The S&P 500 Index closed higher Thursday, buoyed by energy and financial stocks. While the U.S. GDP figure was trimmed on lower contributions from consumer spending and trade, the pace of expansion remained the fastest since early 2015, Commerce Department data showed.