U.S. stocks rose, as technology shares rallied a second day, while Treasuries fluctuated and the dollar sank after Federal Reserve meeting minutes eased concern about the timing of future interest rate hikes.
Standard & Poor’s 500 Index companies are exceeding analyst sales forecasts by the most since 2012, a sign rising consumer demand is fueling economic growth as the bull market approaches its sixth year.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its worst slump since June, as earnings at companies from Pfizer Inc. to D.R. Horton Inc. topped estimates and consumer confidence increased ahead of a Federal Reserve policy meeting.
Dan Veru, chief investment officer at Palisade Capital Management, says the Standard & Poor's 500 Index will hit its 2012 peak this month and will continue rallying until the November presidential election. Veru talks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."