Asian stocks tumbled Monday, as investors reacted to comments last week from a Fed official, who caught markets off guard by saying that interest rates could rise soon. (Koji Sasahara/AP)U.S. markets shrugged off a sell-off in global stocks and picked up steam in afternoon trading. The Standard & Poor’s 500-stock index was up 1.4 percent by 2:30 p.m., beating back the sell-off that began on Friday in both stocks and bonds. Global stocks sank on Monday, in a sell-off that broke a long summer respite in the markets. On Friday, the CBOE Volatility index, known as the VIX, jumped by more than 40 percent — a sign that more volatility could follow.

Source: Washington Post September 12, 2016 13:24 UTC