U.S. stocks rise as Waller comments ease rate and yield fears
U.S. stocks climbed after Federal Reserve official Waller’s comments suppressed Treasury yields and helped offset higher oil prices. Dow rose 624.16 points (1.18%) to 53686.11; S&P 500 added 81.11 (1.06%) to 7747.71.
By Rob CurranU.S. stocks rose after comments from a Federal Reserve official took the sting out of rising oil prices by suppressing Treasury yields.The Dow Jones Industrial Average rose 624.16 points, or 1.18%, to 53686.11.
The S&P 500 gained 81.11, or 1.06%, to close at 7747.71, within 0.7% of it…