Economics
Stocks Rise With Gold as Dollar Falls on Earnings, Fed
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U.S. stocks climbed toward another record and gold advanced while the dollar weakened as corporate earnings topped estimates and signs of slower economic growth fueled bets the Federal Reserve will maintain stimulus.
The Standard & Poor’s 500 Index rose 0.3 percent to 1,752.07 at 4 p.m. in New York, bringing it three points away from an all-time high. The Stoxx Europe 600 Index gained 0.4 percent, while Chinese stocks fell as the benchmark money-market rate jumped the most since June. Gold climbed 1.2 percent while oil reversed an earlier loss. Treasury 10-year note yields traded near a three-month low. The dollar touched a two-year low against the euro.