U.S. Stocks Near Records With Oil at 2015 High; Dollar Retreats
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U.S. stocks were buoyed by a surge in energy shares as crude oil climbed to a 2015 high, while Intel Corp. rallied following earnings. The dollar fell after a drop in manufacturing bolstered the case for continued stimulus.
The Standard & Poor’s 500 Index added 0.5 percent by 4 p.m. in New York, leaving it just 0.5 percent below a record close. The Russell 2000 Index of small companies climbed 0.8 percent to an all-time high. Ten-year German bunds yielded the least ever as Mario Draghi signaled he will stay the course with his bond-buying program. The dollar weakened a second day versus the euro. U.S. oil jumped 5.8 percent as gains in American crude supply eased. Netflix Inc. soared in after-market trading.