Stocks surged, sending benchmark U.S. indexes to the highest levels since May, while Treasuries retreated and the Dollar Index slid to an almost eight-month low as demand for American capital equipment rebounded and German business confidence improved. Silver reached a 30-year high.
The Standard & Poor’s 500 Index climbed 2.1 percent to 1,148.67 at 4 p.m. in New York, its biggest gain in three weeks. The MSCI Emerging Markets Index rallied to the highest level since July 2008. Ten-year Treasury yields rose 5 basis points to 2.61 percent. The Dollar Index, a measure against six major peers, lost 0.9 percent to 79.279 as the Swiss franc touched a record versus the U.S. currency.
