IPFS News Link • Federal Reserve
U.S. stocks rally after Larry Summers’s withdrawal of Federal Reserve candidacy
• AFPUS stocks Monday followed global markets higher, rallying on Larry Summers’s withdrawal as a candidate to lead the US Federal Reserve.
Five minutes into trade, the Dow Jones Industrial Average jumped 148.37 (0.96 percent) to 15,524.43
The broad-based S&P 500 shot up