US shares rallied on renewed expectations that the Federal Reserve could opt for a half percentage point cut in interest rates next week after all. Oil’s rally faded as did Hurricane Francine’s impact on US output. The S&P 500 advanced for a fifth session in a row.
On Wall St at 4pm: Dow +0.7% S&P +0.5% Nasdaq +0.7%
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
