We finally trading out of the range to the upside and most of the market views are pointing to the upside.
Markets will look for clues regarding the Fed’s decision when Chair Janet Yellen speaks on the economic outlook before the Economic Club of Washington. She also gives welcome remarks before the National College Fed Challenge Finals.
Upbeat auto sales data coupled with gains in health and retail shares pushed indexes higher, while Treasuries jumped as factory activity fell to the lowest level in six years. Brent remained under pressure from oversupply concerns. The euro recovered against the dollar as investors pared bets that the European Central Bank will soon ease policy further, while gold advanced.