Stocks Climb on Earnings Optimism; Dollar Gains, Oil Falls
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Stocks rose, with the Standard & Poor’s 500 Index climbing for a fifth day, as analyst upgrades of technology shares boosted optimism before the start of the earnings season. The dollar strengthened and oil and copper retreated.
The S&P 500 climbed 0.1 percent at 1,078.75 at 4 p.m. in New York and the Stoxx Europe 600 Index increased 0.4 percent. The Dollar Index, which gauges the currency against six major trading partners, advanced 0.3 percent to 84.214, helping to drag oil down for the first time in four days. Copper snapped a five-session streak of gains in New York as a report showed falling imports in China. Treasuries were little changed.