S&P 500 Extends Record, Treasuries Gain Amid Uneven Economy Data
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U.S. stocks rose to record levels and Treasuries gained a second day as mixed economic data added to speculation the Federal Reserve won’t rush to raise interest rates. Crude oil rallied, while the dollar weakened.
The Standard & Poor’s 500 Index advanced 0.3 percent to a record 2,130.82 by 4 p.m. in New York, while the Nasdaq Composite Index ended two points below its all-time closing high. Yields on 10-year Treasury notes fell six basis points to 2.19 percent. The Bloomberg Dollar Spot Index lost 0.1 percent after rallying 1.9 percent the previous three days. The Stoxx Europe 600 Index gained 0.4 percent. U.S. oil rose 3 percent.