The main indices on Wall Street posted strong gains on Thursday, and are on course for sizable weekly gains, fueled by renewed hopes that an era of unprecedented monetary tightening may be coming to an end in the wake of the Federal Reserve's decision to leave interest rates unchanged for a second straight meeting.
The California company flagged that revenue in its December quarter -- typically one of its largest due to holiday shopping -- would be in line with the corresponding time frame last year. However, the quarter will be one week shorter, denting sales by 7%.Oil prices edged higher Friday, adding to the previous session’s sharp gains after traders became increasingly confident that the Federal Reserve was done with its run of interest rate hikes, hitting the dollar.
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