FXStreet (Guatemala) – Wall Street was saved from today as the S&P 500 managed a strong rally for the end of the quarter in the best rally in three weeks.
Investors picked up the worst hit companies in the energy and health sectors as well as raw-materials.
The S&P 500 was up to 1.9 percent positive at 1,920.03 by the close, which is the best close since Sept. 8 leaving it down 6.9 percent for the quarter.
The Dow gained 1.5 percent, to 16,284.70 losing 7.6 percent since June’s closing business. The Nasdaq was a strong performer, up 2.3 percent.
We now await the new month and with it we have the FOMC. The Nonfarm Payrolls is due on Friday and this will be closely monitored on Wall Street as a guide as to whether there are serious risks to the corporate sector in October of a rate hike from the Fed.
(Market News Provided by FXstreet)