The stock market just had its best-case scenario revived

A top Fed official sparked a fresh rally in stocks on Friday. New York Fed President John Williams said rates should continue to come down. All three benchmark indexes rose, with the Dow climbing more than 700 points by midday. It's looking like investors might get their wish this holiday season. Stocks surged on Friday on comments from a top Federal Reserve official who said the economic situation supports more rate cuts from the central bank. The odds that the Fed will cut interest rates anothe ...