Stocks, Commodities Rise on Stimulus Bets
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Stocks rose, sending the Standard & Poor’s 500 Index to its first back-to-back weekly gain since April, as commodities and Treasuries advanced amid speculation central banks will take steps to boost growth as investors await Greek elections this weekend.
The MSCI All-Country World Index added 1.2 percent at 4 p.m. New York time, posting a second straight weekly gain. The S&P 500 increased 1 percent to 1,342.84, the highest level since May 11. The S&P GSCI Index of 24 raw materials added 0.1 percent. Yields on 10-year Treasuries dropped six basis points to 1.58 percent. The yen gained against 14 of 16 major peers.