U.S. stocks rose, trimming the Dow Jones Industrial Average’s worst weekly loss since 2008, European equities rebounded and Treasuries fell amid signs policy makers will act to prevent the debt crisis from worsening. Silver plunged the most since at least 1979.
The Dow added 0.4 percent to 10,771.48 at 4 p.m. New York time, paring this week’s loss to 6.4 percent. The Standard & Poor’s 500 Index climbed 0.6 percent to 1,136.43 after losing 7.1 percent in the first four days of the week. The Stoxx Europe 600 Index rose 0.6 percent. Ten-year Treasury yields surged 11 basis points to 1.82 percent after touching a record low 1.67 percent. Silver sank 18 percent and gold slid 5.9 percent, giving futures the biggest two-day loss since 1983.