U.S. Stocks Rise With Dollar as Oil Rebounds; Treasuries Decline

By Stephen Kirkland and Jeremy Herron

January 15, 2015 at 10:52 PM UTC

Updated on

January 16, 2015 at 9:05 PM UTC

This article is for subscribers only.

U.S. stocks climbed, extending gains in the final hour of trading to end a five-day slide, as energy shares rallied with the price of oil, overshadowing the effects from Switzerland abandoning the franc’s cap. The dollar rose with copper and gold.

The Standard & Poor’s 500 Index jumped 1.3 percent at 4 p.m. in New York, trimming a third weekly decline to 1.3 percent. Energy shares led gains as oil surged 5.3 percent. Goldman Sachs Group Inc. dropped 0.7 percent after reporting the lowest annual trading revenue since 2005. The franc weakened after soaring 23 percent yesterday and the Swiss Market Index retreated 6 percent. Ten-year Treasury rates added 12 basis points to 1.83 percent. The Bloomberg Dollar Spot Index rose 0.3 percent and the euro slid to an 11-year low.