Wall Street stocks posted losses for last week as economic data seemed to support the ‘higher for longer’ interest rate scenario. ¬— Reuters picNEW YORK, Oct 31 — Global stock indexes advanced yesterday, with US stocks rallying more than 1 per cent after recent sharp declines, while the yen rose to a two-week high against the dollar after a report that the Bank of Japan is considering tweaking its yield curve control policy.
The US Federal Reserve and Bank of England are also meeting this week. The US monthly jobs report is due on Friday. The Dow Jones Industrial Average rose 511.37 points, or 1.58 per cent, to 32,928.96, the S&P 500 gained 49.45 points, or 1.20 per cent, to 4,166.82 and the Nasdaq Composite added 146.47 points, or 1.16 per cent, to 12,789.48.