After a holiday-shortened trading week that pinned stocks in a tight trading range, equities are poised for a bout of renewed volatility as investors watch the economy and the Federal Reserve for signs of policy changes and economic strength. Late on Friday, the European Union agreed to a four-month extension for Greece, and a late rally pushed the S&P 500 above technical resistance level of 2,100 after several failed attempts earlier in the week. "The market has done quite well this week holding things together," said Frank Cappelleri, technical market analyst and trader at Instinet LLC in New York. The data will give investors fuel to speculate on the timing and speed of an interest rate hike by the U.S. Federal Reserve, after minutes from the central bank's January diminished expectations for a June move on rates.
via Business News http://ift.tt/1EzKoWy
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