Stocks in U.S. Rise as Energy Shares Rally; Treasuries Advance
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U.S. stocks advanced, paring a weekly loss, as gains in energy and financial companies helped the market overcome Fitch Ratings lowering France’s outlook and putting Spain and Italy under review. Treasuries advanced, and the dollar trimmed losses against the euro.
The Standard & Poor’s 500 Index added 0.3 percent to 1,219.66 at 4 p.m. New York time after advancing as much as 1.3 percent. It dropped 2.8 percent this week. The Dow Jones Industrial Average lost 2.42 points, or less than 0.1 percent, to 11,866.39 today. Yields on 10-year Treasury notes decreased six basis points to 1.85 percent. The euro rose 0.2 percent to $1.3035 after strengthening as much as 0.5 percent to $1.3084.