U.S. Stocks, Treasuries Rise Amid Speculation Over Fed
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U.S. stocks rose and Treasuries reversed earlier declines amid speculation over when the Federal Reserve may reduce its stimulus measures. The dollar fell while gold advanced.
The Standard & Poor’s 500 Index rose 0.3 percent at 4 p.m. in New York, erasing an earlier drop of as much as 0.4 percent. The yield on 10-year Treasury notes slipped 1 basis point to 2.58 percent. The Stoxx Europe 600 Index slumped 0.5 percent amid disappointing earnings after reaching an almost eight-week high yesterday. The dollar fell, while the yen climbed versus most of its 16 most-traded peers. Gold gained for the first time in three days.