U.S. Stocks Advance, Reversing Global Slump; Commodities Drop

U.S. stocks rose, rebounding from three days of losses and reversing a worldwide slump, as Microsoft Corp. led a rally in technology shares and banks gained on new rules to safeguard the global financial system. Commodities declined to the lowest level since January.

The Standard & Poor’s 500 Index climbed 0.9 percent to 1,280.10 at 4 p.m. in New York. The MSCI All-Country World Index of shares added 0.4 percent after falling as much as 0.4 percent. The S&P GSCI Index of 24 commodities lost 0.3 percent as hogs, silver and wheat dropped more than 2.6 percent. Bonds of Europe’s most-indebted nations fell, driving Portugal and Ireland’s 10-year yields up 30 and 13 basis points, respectively, to record highs.