Dollar Gains as Gold Drops After GDP; Stocks Swing on Earnings

The dollar strengthened, while gold fell as an update on U.S. growth left speculation on the pace of interest-rate increases intact. Stocks were little changed amid mixed earnings from Facebook Inc. to Procter & Gamble Co.

The Bloomberg Dollar Spot Index climbed 0.3 percent by 5 p.m. in New York, on track for its best month since January, as a gauge of emerging-market currencies sank to a record low. The Standard & Poor’s 500 Index rose less than one point as Facebook lost 1.8 percent after reporting a surge in spending. Ten-year Treasury yields fell three basis points to 2.26 percent. Gold was headed for its worst month in two years.