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    30.03.2016 04:25 Global Stocks: Stocks Gain as Yellen Signals Slow Pace on Rates

    European stocks finished higher Tuesday, notching their first gain in five sessions, as investors appeared ready to receive a further signal that U.S. interest rates will be raised at a slow pace this year. Travel-related stocks in the region gained even in the wake of a Tuesday morning hijacking of an EgyptAir plane, which was forced to land at Larnaca Airport in Cyprus.

    U.S. stocks reversed early losses Tuesday, with the S&P 500 and the Dow industrials rising to their highest close of 2016 after Federal Reserve Chairwoman Janet Yellen emphasized a cautious approach to normalizing monetary policy in light of fears about the domestic and international economy.

    Based on MarketWatch materials


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