Dow Caps Biggest Monthly Gain Since February
ICM Brokers | Sep 02, 2014 02:05AM ET
U.S. stocks rose, with the Dow industrials capping their biggest monthly gain since February. Stocks have benefited from better-than-expected corporate earnings, improvement in much of the U.S. economy, and investors' distaste for low-return prospects in such other assets as bonds. When it comes to corporate earnings and the economy, "growth looks relatively modest but, no matter how you look at the equity market, it really doesn't look overvalued," said Margie Patel, who oversees $1.4 billion in stocks and bonds as a senior portfolio manager at Wells Capital Management.
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