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WALL STREET INSIGHT

Market recovery gets a boost from the Fed

Monday, November 2, 2015 - 05:50
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The US central bank left the door open for a rate hike in December.

US stocks rallied last week and major indexes saw their biggest monthly returns in four years after the Federal Reserve's apparent endorsement of the market recovery as lasting.

The broad Standard & Poor's 500 rose 8.3 per cent in October, bringing it within 2.5 per cent of its record