Stocks Gain as Consumer Confidence Beats Forecasts; Franc Falls
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Stocks advanced, preventing the biggest weekly drop in the Standard & Poor’s 500 Index since August, after a measure of U.S. consumer confidence beat forecasts. The Swiss franc fell from a record versus the dollar.
The MSCI All-Country World Index of shares in 45 nations rose 1.1 percent at 5 p.m. New York time. The S&P 500 gained 1.1 percent after slumping 2.8 percent during the previous three days. The franc slid 0.2 percent against the dollar after touching 92.27 centimes earlier. Rice and cotton advanced by their daily limit.