Shares advance, oil drops ahead of Fed decision

(Bloomberg) Stocks recovered as oil plummeted, and a widely observed manufacturing indicator proved much weaker than expected, alleviating fears about an adjustment by the Federal Reserve that could stifle economic growth.

Here are some of the main movements in the markets:

Shares

• The S&P 500 rose 2.1% at 4 p.m. New York time
• The Nasdaq 100 advanced 3.2%
• The Dow Jones Industrial Average rallied 1.8%
• The MSCI World Index rose 0.9%

Foreign Exchange

• The Bloomberg Dollar Spot Index fell by 0.1
%
• The euro rose 0.1% to US$1.0952
• The pound sterling rose 0.3% to US$1.3044
• The Japanese yen showed little change at 118.29 per dollar.

Bonds

• The yield on 10-year Treasury bonds advanced by two basis points to 2.15%
• Germany's 10-year bond yield lost four basis points to 0.33%
• The yield on British 10-year bonds fell by two basis points to 1.58%

Commodities

• West crude Texas Intermediate fell 7.4% to US$95.34 per
• barrel Gold futures fell 2.2% to US$1,917.70 an ounce

Original Note:

Stocks Rally Amid Oil Route as Fed Decision Looms: Markets Wrap

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