Pursuits
U.S. Stocks Reach Records While Treasuries Slip; Dollar Rallies
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U.S. stocks climbed to records amid deals and a gain in Apple Inc., while the dollar rose from a four-month low on speculation economic data this week will bolster the case for higher interest rates. Oil declined.
The Standard & Poor’s 500 Index rose 0.3 percent by 4 p.m. in New York, climbing above its April 27 intraday record. Apple added 1.1 percent after billionaire investor Carl Icahn called for a bigger stock buyback. The Bloomberg Dollar Spot Index rallied 0.9 percent, rebounding from its longest stretch of weekly slides since 2013. Yields on 10-year Treasury notes rose nine basis points to 2.24 percent. U.S. oil fell a fourth day.