U.S. Stocks Rise, Dollar Pares Gain; Treasuries Fluctuate
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U.S. stocks rose, halting a two-day slide, as a rally in oil lifted energy producers and concern eased that Ireland’s debt crisis will worsen. Treasuries fluctuated following a $16 billion 30-year bond auction, while the dollar trimmed gains.
The Standard & Poor’s 500 Index increased 0.4 percent to 1,218.71 at 4 p.m. in New York. The 30-year yield was little changed at 4.25 percent and the Dollar Index climbed 0.3 percent, paring an earlier 0.9 percent rally as the U.S. currency erased gains versus the euro. Irish 10-year bond yields rose for a 12th day and touched a record 622 basis points more than German bunds. The Thomson Reuters/Jefferies CRB commodities index snapped a nine-day rally, its longest since 2005.