Economics
Global Stocks Rise With Metals on Growth Optimism; Oil Climbs
- Investor confidence in U.S., Chinese economies is improving
- Energy, Material Companies Post Biggest Gains in S&P 500
Inside the Bond and Equities Markets
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Stocks rose around the world as data showing strength in the American consumer boosted confidence in the U.S. economy, while signs of stabilization in China sent industrial metals and oil higher as the worst commodities rout since the financial crisis eased.
The Standard & Poor’s 500 Index pushed its three-day rally to 2.9 percent, as a gauge of the most shorted companies rallied. Trading was subdued before the year-end holidays. Treasuries fell on speculation the economy can withstand tighter monetary policy. West Texas Intermediate advanced a third day following U.S. supplies data.