Stocks post big October gains

By scott miller

The Dow and S&P 500 extended their weekly winning streaks to five, albeit narrowly. They also posted their biggest monthly gains in four years during October, rising 8.6 percent and 8.4 percent, respectively.In getting there, investors all but erased the late-summer stock slump, if not some of the reasoning behind it, such as fear of a global slowdown and concern about the Federal Reserve raising its benchmark interest rate too soon.Last week, in fact, the Fed did not raise that rate, but it also did nothing to dispel the idea that it might act on Dec. 15 and 16, at …

Source:: Vail Daily Feed