Sun, Mar 23, 2014 - Page 15 News List

US stocks advance on signs of US economic strength

CAUTIOUS OPTIMISM:Despite concern over a likely earlier-than-expected rate hike, investors took their cue from the Fed’s seeming confidence in the local economy

AFP, NEW YORK

“Equities bounced back nicely after Fed Chair Yellen’s ‘six month’ selloff, and the CBOE VIX index is still 14.5. Last year, it would have collapsed to 12 to 13,” he said.

He said that points to more potential risk and reward in the markets.

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