Stocks Gain With Commodities as Dollar, Treasuries Drop
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U.S. stocks and commodities rallied, while the dollar and Treasuries fell, as American jobless claims climbed less than forecast and the European Central Bank said it’s ready to buy bonds once necessary conditions are met.
The Standard & Poor’s 500 Index added 0.7 percent to close at 1,461.40 at 4 p.m. in New York. Oil jumped the most in two months, recouping most of yesterday’s 4.1 percent plunge, as tension between Syria and Turkey escalated. Gasoline climbed 5.1 percent and gold touched the highest price in 11 months. The dollar weakened against 15 of 16 major peers, while 10-year Treasury yields added six basis points to 1.67 percent.