Stocks rose, sending the Dow Jones Industrial Average to a record, and Treasuries gained as Federal Reserve officials said weakness in the U.S. economy warrants continued stimulus. Oil led commodities up from a four-month low while the yen and dollar weakened.
U.S. stocks climbed toward another record and gold advanced while the dollar weakened as corporate earnings topped estimates and signs of slower economic growth fueled bets the Federal Reserve will maintain stimulus.
U.S. shares rallied for a second day following the biggest jump since January and gold plunged to a three-month low as lawmakers discussed a potential agreement to extend the nation’s borrowing authority.
U.S. stocks rebounded from a two-day slump amid optimism lawmakers will reach a deal to raise the debt ceiling and speculation Janet Yellen will not rush to withdraw stimulus when she takes over as Federal Reserve chairman.
U.S. stocks fluctuated as investors weighed corporate earnings while Treasuries declined for the first time in three days amid speculation on when the Federal Reserve may scale back its asset purchases.
U.S. stocks rose for a third day as faster-than-forecast growth in jobs overshadowed concern about budget negotiations and a slide in Apple Inc. Treasuries dropped, while the euro fell on concern about German growth.
The Standard & Poor’s 500 Index jumped to the highest level since January 2008 and Treasuries fell as the European Central Bank announced a bond-buying plan and reports fueled optimism in the U.S. economy.