Wall Street Stocks Rebound on Solid Retail Data and Fed Comments

Wall Street stocks rebounded Tuesday behind solid retail data and reassuring comments from Federal Reserve officials, while oil prices rose and the dollar slid. World stock markets, including in New York, have made robust gains in recent weeks on hopes that the US central bank had finished with hiking rates and could cut borrowing costs next year as inflation cools. While Wall Street's main indices spent some time in the red, they moved higher as the yields on US government bonds fell.

An indication of lower inflation expectations and borrowing costs, a drop in bond yields is generally supportive of equities. Fed Governor Christopher Waller said he was "encouraged" by recent progress on the economy and more confident inflation was returning to the Fed's desired leve

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Wall Street Stocks Rise as Oil Prices Drop on OPEC+ Summit DelayWall Street stocks resumed their upward climb Wednesday, while oil prices dropped with traders interpreting a delay to an OPEC+ summit as a sign of possible discord. Read:
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