Stocks, Gold Gain With Treasuries as Dollar Falls on Jobs

U.S. stocks rose with gold and 10-year Treasuries, while the dollar slid, as weaker-than-forecast jobs growth spurred bets the Federal Reserve will undertake more stimulus. The euro climbed as plans to contain the credit crisis sent Spanish and Italian bonds higher.

The Standard & Poor’s 500 Index advanced 0.4 percent to 1,437.92, its highest level since January 2008, and the Dow Jones Industrial Average closed at its best level since December 2007. Ten-year Treasury yields fell one basis point to 1.67 percent and gold futures increased 2 percent to $1,740.50 an ounce, a six-month high. The Dollar Index, a gauge of the currency against six major peers, slid 1.1 percent to the lowest level since May as the euro rallied 1.4 percent to $1.2812.