S&P 500 Extends Longest Rally Since 2010; Treasuries Rise
This article is for subscribers only.
The Standard & Poor’s 500 Index rose for a sixth day, the longest rally since 2010, amid speculation the Federal Reserve will pursue more stimulus measures. Treasuries rose and commodities fell as Chinese and French data added to signs the global economy is slowing.
The S&P 500 gained 0.2 percent to 1,405.87 as of 4 p.m. in New York, reversing a 0.5 percent drop to close at its highest level since April 3. The yield on the 10-year Treasury note fell three basis points to 1.66 percent after yesterday touching the highest level since May. Natural gas slid 5.9 percent to lead commodities lower. Corn slipped from a record and wheat lost 2.8 percent. The euro pared an early loss versus the dollar.