Stocks Up on Larry Summers Fed Exit

Know the free money's still coming?


 The U.S. dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal Reserve suggested a more gradual approach to tightening monetary policy.

Further whetting risk appetite were signs of progress in Syria following a Russian-brokered deal aimed at averting U.S. military action, all of which helped propel world shares .MIWD00000PUS to just short of a five-year high.