Investors Resume Risk Tolerance
U.S. equities capped their third consecutive weekly gain as investors who had shunned riskier assets during the worst of last month’s sell-off were lured back in to stocks that not long ago looked overvalued.
The S&P 500 rose 2.5 percent in the week’s five trading days, extending its post-Christmas rally to 10 percent. The Dow Jones gained 2.4 percent to 23,996. The Nasdaq gained 3.5 percent.
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