Economics
S&P 500 Climbs With Dollar While Treasuries Drop on Data
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The Standard & Poor’s 500 Index extended its all-time high and Treasuries fell as a report showed U.S. companies added to payrolls last month. The dollar strengthened with copper and gold.
The S&P 500 gained 0.3 percent to 1,890.90 at 4 p.m. in New York, after reaching a record yesterday. The Dow Jones Industrial Average rose 0.2 percent, briefly erasing its loss for the year. The yield on 10-year Treasuries increased five basis points to 2.80 percent. The Stoxx Europe 600 Index added 0.2 percent. The dollar climbed to a two-month high against the yen. Copper advanced 0.2 percent following an earthquake in Chile and gold jumped for the first time in six days. Crude futures pared earlier losses.