Economics
Stocks Gain as Yen Falls; Gasoline Rises to 3-Month High
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U.S. benchmark stock indexes extended all-time highs and 10-year Treasury yields approached 3 percent for the first time since September as a drop in jobless claims fueled optimism in the economy. The yen slid on speculation the central bank will press ahead with stimulus.
The Standard & Poor’s 500 Index rose 0.5 percent to 1,842.02 at 4 p.m. in New York. Ten-year Treasury yields gained one basis point to 2.99 percent. The yen slid 0.4 percent to