U.S. Stocks Rise on Bull-Market Anniversary as Energy Rebounds

U.S. stocks rose, headed toward an eighth year of a bull run led by a rebound in energy shares amid speculation central banks will continue to provide stimulus to bolster sluggish global growth.

The S&P 500 climbed 0.5 percent to 1,988.84 at 9:33 a.m. in New York, after the benchmark lost 1.1 percent yesterday, the most in two weeks.

Updates from the European Central Bank on Thursday and the Federal Reserve next week may provide more insight on the potential for further stimulus and the trajectory of interest rates. Speculation for additional moves from the ECB to boost growth, along with nascent stability in crude prices and improving U.S. data have helped global equities rebound during the past three weeks.

On the seventh anniversary of a bull market that has restored $ 14 trillion to stock values, investors are still worried about shrinking earnings, China’s economic slowdown and uncertainty over interest rates. While the S&P 500 has surged almost 200 percent since the low on March 9, 2009, it has only gained 0.5 percent in the past 18 months.

Source: Bloomberg

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S&P 500 Futures Signal Stocks to Rise on Bull-Market Anniversary

U.S. stock-index futures rose, signaling more gains for equities heading into the eighth year of a bull run, as investors awaited cues from central banks.

Standard & Poor’s 500 Index contracts expiring in March rose 0.4 percent to 1,988.25 at 11 a.m. in London. The benchmark halted its longest rally in five months yesterday, led by a selloff in energy shares after worsening economic data from Asia. Dow Jones Industrial Average futures gained 67 points, or 0.4 percent, to 17,039 today.

Updates from the European Central Bank on Thursday and the Federal Reserve next week may shed light on the potential for further stimulus and the trajectory of interest rates. Speculation for additional moves from the ECB to boost growth, along with nascent stability in crude prices and improving U.S. data have helped global equities rebound during the past three weeks.

The S&P 500 fell from a nine-week high yesterday, while the VIX Index of volatility expectations jumped the most in two weeks. Still, the equity benchmark has climbed 8.2 percent since a low last month amid a rebound in banks and commodity shares, trimming its decline this year to 3.2 percent. It fell as much as 11 percent earlier amid concern over China’s economic slowdown and a deepening oil rout.

Source: Bloomberg

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