U.S.
stocks rallied in September’s final session, with the Standard &
Poor’s 500 Index rising the most in three weeks, bringing traders some
comfort as equities trimmed their worst quarterly decline since 2011.
The
S&P 500 Index climbed 1.9 percent to 1,919.50 at 4 p.m. in New
York, the most in three weeks after snapping a five-day losing streak
Tuesday. The measure ended September down 2.7 percent.
The
S&P 500 slumped 7 percent since the end of June, and posted its
first back-to-back quarterly decline in four years. Energy and
raw-material companies were the third quarter’s worst performers,
plunging more than 17 percent amid concern that weakness in China will
curb demand for commodities and crimp global growth.
Source: Bloomberg
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