U.S. Stocks Gain on Earnings Growth; Treasuries Rise, Oil Falls
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U.S. stocks rose, capping a third straight weekly gain, as better-than-estimated results at technology companies overshadowed a drop in consumer confidence and concern Europe’s debt crisis is worsening. Treasuries rose as Irish and Portuguese bonds slid. Oil fell for a fourth day.
The Standard & Poor’s 500 Index climbed less than 0.1 percent to 1,125.59 at 4 p.m. in New York, its highest close in almost six weeks. Ten-year Treasury yields fell 2 basis point to