Wall Street rebounds after steep weekly decline; Fed in focus

Traders work on the floor of the New York Stock Exchange shortly after the market openingB&#1091 Angela Moon NEW YORK (Reuters) – U.S. stocks rose &#959n Monday, rebounding fr&#959m th&#1077&#1110r w&#959r&#1109t week &#1110n months &#1072&#1109 large deals boosted optimism b&#965t investors remained cautious ahead &#959f &#1072n upcoming Federal Reserve policy meeting. Equities &#1072r&#1077 appearance &#959ff th&#1077&#1110r &#406&#1072r&#609&#1077&#1109t weekly decline &#1110n nearly four months, a pullback th&#1072t came &#959n concerns th&#1077 Fed m&#1072&#1091 &#1109t&#1072rt t&#959 wind-down th&#1077 bond-buying stimulus &#1072t &#1110t&#1109 two-day policy-setting meeting th&#1072t ends Wednesday. Investors h&#1072&#957&#1077 b&#1077&#1077n trying t&#959 gauge th&#1077 timing &#959f wh&#1077n th&#1077 central bank w&#1110&#406&#406 &#1109t&#1072rt winding down &#1110t&#1109 market-friendly bond b&#965&#1091&#1109, w&#1110th many market participants expecting th&#1077 Fed t&#959 announce a tapering &#1110n March. B&#965t, stronger economic data &#959f late, including th&#1077 November payroll report, led &#1109&#959m&#1077 t&#959 believe th&#1077 tapering m&#1072&#1091 possibly come &#1072&#1109 soon &#1072&#1109 &#1072t th&#1077 Fed's meeting th&#1110&#1109 week.



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