Wall Street rises after five losing days, Alcoa soars
NEW YORK (Reuters) – An encouraging start to earnings season helped stocks rebound on Wednesday from five days of losses that pushed the S&P 500 below a key technical level. Equities cut gains late in the session after the Federal Reserve said rising energy costs were a concern for economic growth. Atlanta Fed President Dennis Lockhart said the economy would have to get a lot worse before the central bank would offer more stimulus. Sectors linked with economic growth led the way higher as their recently beaten-down prices made them attractive to bargain hunters. . . .
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