Better manufacturing data as well industrial production figures boosted asset prices.
Better-than-expected eurozone confidence data are also helping ahead of more key US releases Thursday.
Allergan is downgraded to 'hold,' and AMD is upgraded to 'outperform.'
These stocks' ratings flip-flop on share price volatility as rising interest rates offset positive housing news.
Some are likely to begin selling off the property they have been renting recently.
Shares of homebuilders take a beating as housing prices rise.
Costco and Tiffany to report earnings. Consumer confidence index for May to be released. Carnival slashes prices to attract customers after a string of accidents. Pending home sales for April are due.
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Fed keeps important 'considerable time' language in reference to short-term interest rates, but dissents and dots leave doubts.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The Fed's latest statement confirms that it won't be coming to the rescue of depositors soon, but these institutions are worth following anyway.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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