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US stocks plowed further into positive territory for 2016 on Wednesday, helped for a second session by comments from Federal Reserve Chair Janet Yellen that eased anxiety about potential interest rate hikes.
MetLife and other financial stocks led the market higher with Apple and other technology stocks also gaining.
The Indian rupee gained further in early trade Tuesday. The currency has opened at 66.50 a dollar, up 8 paise compared to 66.58 a dollar in previous session.
currency market has been fairly rangebound in the holiday shortened week, with the dollar-rupee currency pair trading between 66.50-67 per dollar, with portfolio flows pouring in but well supported at lower levels, keeping the pair in a tight range.
The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest rate hikes, yet not weak enough to cause concern about a recession.
Reports on the housing market could also draw investors' attention given recent sharp gains in homebuilder stocks.
Major indexes remain well above their 2016 lows, thanks to evidence of a reviving U.S. economy and a sharp rebound in oil prices, even as stocks broke a five-week streak of gains on Thursday, their last trading day before a long holiday weekend.