S&P 500 Rises With Europe Stocks as Bonds Drop on Ukraine
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The Standard & Poor’s 500 Index rose the most in a week, while crude oil and bonds slipped as diplomats from Ukraine and Russia discussed a possible truce and Kurdish forces made progress against militants in Iraq.
The S&P 500 advanced 0.8 percent at 4 p.m. in New York, as Internet and biotechnology stocks rallied to four-month highs. The Stoxx Europe 600 Index rose 1.2 percent. Brent crude declined to a 14-month low and gold fell for a second session. Ten-year Treasury yields rose five basis points to 2.39 percent. The dollar gained versus the euro after U.S. homebuilder data boosted optimism about the economy.