S&P 500 Rises to Record, Metals Gain Amid on Housing Data

U.S. stocks rose, with the Standard & Poor’s 500 Index closing above 1,900 for the first time, after an increase in home purchases boosted confidence in the economy. The euro weakened to a three-month low and oil advanced, while copper led industrial metals higher.

The S&P 500 added 0.4 percent to 1,900.53 at 4 p.m. in New York, capping its first weekly advance in three. The Nasdaq Composite Index jumped 0.8 percent to erase its loss for 2014. Trading volume was near the lowest level of the year as investors headed into a three-day weekend. Treasuries rose for the first time in three days, while Europe’s shared currency depreciated 0.2 percent to $1.3631, after touching a three-month low. Copper rose 0.7 percent and aluminum climbed to a three-week high.