European Stocks Extend Record as Euro Weakens While Zinc Gains

U.S. stocks rose, adding to a weekly gain as General Electric Co. rallied, while central-bank stimulus helped European shares extend a record. The dollar had its biggest weekly advance since 2011 as the Federal Reserve moves toward raising borrowing costs.

The Standard & Poor’s 500 Index climbed 0.5 percent at 4 p.m. in New York, capping its first three-day rally since February. GE surged the most in six years after authorizing a buyback. The Stoxx Europe 600 Index rose 0.9 percent, capping the best week since January as exporters benefited from the weaker euro. The dollar added 0.5 percent to $1.0602 per euro, bringing its gain since April 3 to 3.6 percent. Treasury 10-year yields lost one basis point to 1.95 percent. Gold rose and zinc capped the biggest weekly gain since July.