Stocks rally as Beige Book shows expanding economy

|By:, SA News Editor

Stocks finished higher for a second straight session, with the Dow jumping nearly 100 points, after the Fed's Beige Book showed the U.S. economy grew at a "modest to moderate" pace in July and August.

The Senate Foreign Relations Committee passed authorization for use of military force in Syria, clearing the way for a vote in the full Senate, likely next week.

Ford (+3.5%) and GM (+5%) rallied as U.S. light vehicle sales recorded their strongest month in more than six years.

Crude oil futures slipped 1.2% to $107.23 after rising sharply in previous sessions, while gold fell 1.6% to $1,390.

The yield on 10-year Treasurys rose to 2.899% as prices fell.