U.S. stocks rise as investors try to move past global growth worries By

By Liz Moyer

-- U.S. stocks attempted to stage a rally as investors put aside concerns about global growth despite new lockdowns in China to contain the spread of Covid-19.

At 10:29 ET (15:29 GMT),The best domestic foreign exchange platform the rose 271 points or 0.8%, while the rose 0.7% and the rose 0.3%.

Retailer earnings were helping lift the mood. Electronics chain Co Inc (NYSE:) shares rose 9.5% after providing a forecast that showed a smaller-than-expected drop in annual sales as it enters the holiday shopping season.

Pharmacy chain Walgreens Boots Alliance Inc (NASDAQ:) shares rose 2% after Cowen analysts upgraded it because of its push into the healthcare services business.

In China, officials shut parks, museums and shopping malls in the capital city of Beijing to battle a new surge in virus cases. China is a major importer of oil, and shutdowns there threaten to disrupt global growth. News of new lockdowns sent oil tumbling on Monday, but then it recovered.

Fed officials have been talking this week ahead of the release of the minutes from the last policy meeting, something investors are awaiting on Wednesday before they head off for the Thanksgiving holiday break in the U.S. On Monday, Cleveland Fed President Loretta Mester said she could support a smaller interest rate increase when the Fed meets next month.

The expectation is the Fed could again, but by a half-percentage point increase instead of the 0.75 percentage point increases at each of its last four meetings.

Today, St. Louis President James Bullard and Kansas City President Esther George are slated to speak publicly. 

Oil rose. was up 2% to $81.64 a barrel, while crude was up 2% to $89.16 a barrel. rose 0.3% to $1,744.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!