Deals
Stocks Rebound With Oil While Treasuries, Yen Retreat
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Stocks rallied, with benchmark indexes rebounding from the worst losses of the year, as more companies posted improving earnings and Dell Inc. agreed to the largest leveraged buyout since the financial crisis. Oil gained, while the yen weakened and Treasuries slid.
The Standard & Poor’s 500 Index climbed 1 percent to 1,511.29 at 4 p.m. in New York, posting its biggest gain in a month and erasing most of yesterday’s 1.2 percent drop. Ten-year U.S. note yields jumped five basis points to 2.00 percent. The yen declined at least 0.6 percent against its 16 major peers after Bank of Japan Governor Masaaki Shirakawa said he will step down next month. Oil rose after its biggest loss in two months.