U.S. Stocks Climb as Asian Futures Signal Post-Rout Rally

U.S. equities rose and Asian stock futures signaled a rebound after yesterday’s rout as better-than-forecast U.S. economic data and speculation the Federal Reserve will look to maintain record-low interest rates bolstered markets. The yen pared this week’s gains.

The Standard & Poor’s 500 Index posted its second-biggest advance of the year, climbing 1.5 percent to 1,636.36 in New York after losing 1.9 percent in the previous three sessions, the biggest drop in almost two months. The MSCI All-Country World Index, the benchmark gauge of global stocks, rebounded from the lowest level since April to add 0.5 percent. Futures on Japan’s Nikkei 225, which tumbled the most in three weeks yesterday, jumped 3.8 percent, while contracts on Hong Kong’s Hang Seng Index rose 1.1 percent. The yen weakened 0.1 percent versus the dollar, cutting the week’s climb to 2.2 percent.