Stocks Rise, Euro Strengthens on Greece Optimism; Oil Sinks

Stocks rose and U.S. benchmark indexes snapped a six-week slide, while the euro climbed, on signs of progress for a Greek rescue and improvement in a gauge of economic indicators. Oil slid to a four-month low.

The S&P 500 added 0.3 percent to 1,271.50 at 4 p.m. in New York, leaving it up less than 0.1 percent for the week. The Stoxx Europe 600 Index rose 0.2 percent. The euro gained 0.7 percent to $1.4302. Greek bonds surged, while Treasuries pared their earlier losses, with the 10-year note’s yield up less than one basis point at 2.94 percent. Oil sank 2 percent to $93.01 a barrel, helping send the S&P GSCI index of 24 commodities down for a third day to its lowest level in four months.