Stocks, Euro Advance as Treasuries Fall; Cattle Decline

Stocks and the euro rose as Treasuries fell amid better-than-estimated earnings and data indicating the American housing market is stabilizing. Cattle futures fell after the U.S. found a case of mad-cow disease.

The Standard & Poor’s 500 Index gained 0.4 percent at 4 p.m. New York time. Apple Inc. rallied 7 percent in late trading after second-quarter profit topped projections, while Nasdaq-100 Index futures advanced 1.4 percent at 5:29 p.m. The Stoxx Europe 600 Index added 1 percent as banks rallied 2 percent. Treasury 10-year yields added four basis points to 1.97 percent. The euro gained 0.2 percent to $1.3187. Cattle futures tumbled the most in 11 months in Chicago. Spanish and Dutch bonds rallied after the nations sold debt.