Stocks Gain on Report of Italy Talks With China; Treasuries Fall
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U.S. stocks rose, reversing losses in the last 90 minutes, as concern about Europe’s debt crisis eased following a report that Italy was in talks with China about possible investments. Treasuries fell after the 10-year note yield reached a record low. The euro pared losses.
The Standard & Poor’s 500 Index rose 0.7 percent to 1,162.27 at 4 p.m. in New York. The 10-year note yield increased three basis points to 1.95 after touching an all-time low of