US stocks bounced back about 1% as borrowing costs and oil fell

US stocks bounced back about 1% as borrowing costs and oil fell

America's stock basket, the S&P 500, rose about 1% on Sept. 16, Bloomberg reported, bouncing back after falling on the Fed decision day. Borrowing costs tied to mortgages and company loans fell too, which raises the price of bonds. Cheaper borrowing can help stocks, but with oil prices also down, I'd see this as one-day relief, not a lasting turn.

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