US stocks ruled off on their best January performance in more than four decades, soothed by a dovish outlook from the Federal Reserve and optimism over US-China trade talks.
The S&P 500 rallied 7.9 per cent for the month, ranking as its best start to the year since 1987, and one of its 10-biggest on record. It was the benchmark’s biggest monthly gain since October 2015.
That represents a solid rebound from the previous month’s 9.2 per cent fall, which was the steepest December drop since 1931, but doesn’t quite bring the benchmark back to the 2,760.17 level it finished November at.
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