U.S. Stocks Rebound on Retail Sales; Treasuries, Yen Fall

By Lu Wang and Jeremy Herron

January 14, 2014 at 9:31 PM UTC

This article is for subscribers only.

U.S. stocks rose, with benchmark indexes rebounding from their biggest drops this year, while Treasuries retreated as retail sales climbed more than economists predicted in December. Emerging-market stocks fell and the yen weakened while natural gas gained a third day.

The Standard & Poor’s 500 Index added 1.1 percent by 4:30 p.m. in New York, the biggest one-day advance since Dec. 18 after sliding 1.3 percent yesterday. Treasuries fell for the first time in four days. The MSCI Emerging Markets Index slipped 0.2 percent and European stocks climbed. Japan’s Topix Index sank the most since August and the yen lost 1.2 percent to the dollar after the nation posted a record current-account deficit. Gas futures jumped 2.2 percent while gold retreated.