Economics
S&P 500 Gains With Emerging Markets as Treasuries Decline
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The Standard & Poor’s 500 Index extended its record amid optimism over corporate earnings and U.S. economic strength. Emerging-market shares climbed, while Treasuries slipped with crude oil and precious metals.
The S&P 500 rose 0.3 percent to 2,038.26 by 4 p.m. in New York, while the MSCI Emerging Markets Index added 0.8 percent, halting a five-day slump. Equities in Shanghai jumped to an almost three-year high after a date was set for a Hong Kong-Shanghai exchange link. Yields on 10-year Treasuries advanced six basis points to 2.36 percent, while gold sank 2.2 percent. Brent crude and U.S. oil slid more than 1 percent. The ruble rallied as Russia said it would act to curb speculation.