Bulls still in charge amid market volatility

THE bulls are back in the driver's seat.

US stocks finished a volatile week with slight gains after a statement from the Federal Reserve indicated that the central bank does not consider recent stock-market volatility to be anything of significance to the financial system.

Investors started the holiday-shortened week on high alert as Treasury yields rose to four-year highs, in what was seen as a foreshadowing of a more aggressive Fed raising rates several times this year.