U.S. Stocks Rebound With Crude as Treasuries Drop on Fed

U.S. stocks recovered from an early plunge, led by small-caps, while Treasuries fell as a Federal Reserve official said the central bank should consider delaying the end of stimulus plans. Oil jumped after dropping below $80.

The Standard & Poor’s 500 Index gained less than 0.1 percent at 4 p.m. in New York, erasing a drop of as much as 1.5 percent. The Russell 2000 Index rallied 1.3 percent. The 2-year Treasury yield climbed 2 basis points from a 17-month low. Stoxx Europe 600 Index pared its loss to 0.4 percent after tumbling 2.9 percent. West Texas Intermediate jumped 1.1 percent after retreating below $80 for the first time since June 2012. The Bloomberg Dollar Spot Index was little changed after jumping 0.4 percent earlier.