New Delhi, Sept. 23 -- The relief that Scott Bessent handed Wall Street on Monday morning was exactly the kind that had been missing for three weeks.

a tentative move higher after a week that left the Dow posting a third consecutive weekly loss.

It was not a recovery. It was, depending on your risk tolerance, the beginning of one.

The week ending September 19 was among the worst of the year for equities. The Federal Reserve voted unanimously on September 16 to raise the overnight funds rate by a quarter point, bringing borrowing costs to a target range of 3.75 to 4 percent - its first hike since 2023. Fed Chair Kevin Warsh, in his post-decision press conference, named Brent crude trading above $104, sustained by Houthi strikes on Saudi...