U.S. Stocks Extend Record in Week as Jobs Data Boost Fed Bets
This article is for subscribers only.
U.S. stocks rose a fifth week, giving the Standard & Poor’s 500 Index its longest rally this year, as investors speculated weaker jobs growth will prevent the Federal Reserve from raising rates sooner than anticipated.
European shares rallied for a fourth week after the region’s central bank boosted stimulus. Emerging-market equities advanced, led by Russia’s Micex Index, after Ukraine and rebels agreed to a cease-fire. Producers of consumer products led U.S. stocks higher, while energy shares sank as oil tumbled for the sixth time in seven weeks. Apple Inc. dropped the most since February after a competitor introduced new smartphones.