Stocks advance for fifth week

By scott miller

With an assist from the Federal Reserve, stocks advanced for the fifth consecutive week and the Dow and S&P 500 both moved back into the black for 2016 after having shed as much as 10 percent by mid-February. At the same time, the yield on the 10-year Treasury fell as investors shifted back into equities and the Fed slowed its timetable for raising its benchmark rate. No one expected the Fed to raise its rate for the first time since December (and the second time since 2006) when it met last week, and it didn’t. However, as always, investors parsed every …

Source:: Vail Daily Feed