Stocks Advance With Commodities While Dollar, Yen Weaken

Global stocks rebounded from the worst week since September and commodities snapped a three-day drop as China signaled it would support the economy and German and French officials said they would work to keep Greece in the euro. The yen and dollar weakened against most major peers.

The Standard & Poor’s 500 Index climbed the most in two months, surging 1.6 percent to 1,315.99 at 4 p.m. as takeover news also boosted stocks. Facebook Inc. tumbled below its $38 offering price. Ten-year Treasury yields added two basis points to 1.74 percent. The yen weakened against 15 of 16 major peers, while the dollar declined against 14. The S&P GSCI Index of 24 raw materials rebounded from its 2012 low, with oil up 1.2 percent to $92.57 a barrel and copper climbing 1 percent.