U.S. Stocks Rise to Record; Copper Jumps, Treasuries Drop

U.S. stocks rallied, with the Dow Jones Industrial Average topping 15,000 during the day for the first time, and Treasuries slid as faster-than-forecast employment growth bolstered optimism in the world’s largest economy. Copper surged the most since 2011.

The Dow climbed 142.38 points, or 1 percent, to 14,973.96 at 4 p.m. in New York and surged as high as 15,009.59. The S&P 500 advanced 1.1 percent to 1,614.22, above 1,600 for the first time, and Germany’s DAX Index rose 2 percent to close at a record. Ten-year Treasury yields, which fell to the lowest level of the year yesterday, jumped 11 basis points to 1.74 percent for the biggest gain since September. Copper surged 6.8 percent and lead increased 5 percent to lead commodities higher.