S&P 500 ends higher, led by defensive shares

Published by
Reuters

By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – The S&P 500 ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and investors shrugged off hawkish comments from Federal Reserve officials about interest rate hikes. Federal Reserve Bank of Boston leader Susan Collins said that, with little evidence price pressures are waning, the Fed may need to deliver another 75-basis point rate hike as it seeks to get inflation under control. On Thursday, St. Louis Fed President James Bullard set off equity declines when he said the…

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