By Chuck Mikolajczak
(Reuters) – U.S. stocks rallied on Monday after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which boosted optimism about the corporate earnings season.
Britain named Jeremy Hunt finance minister, and he immediately dispelled many of Prime Minister Liz Truss’ fiscal measures, which had unnerved markets in recent weeks.
“The UK completely backing off this plan and presumably, they kind of…
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