Stocks Rise, Treasuries Fall as Israel, Hamas Reach Truce
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The Standard & Poor’s 500 Index extended its longest rally in seven weeks, while Treasuries fell for a third day and oil trimmed earlier gains as Israel and Hamas agreed to a cease-fire after a weeklong conflict.
The S&P 500 increased 0.2 percent to 1,391.03 at 4 p.m. in New York for a fourth straight gain. Ten-year Treasury note yields climbed one basis point to 1.68 percent, the highest since Nov. 8. Oil added 0.7 percent while cattle reached a record. The euro reversed losses triggered earlier when finance ministers failed to agree on a Greek debt plan. The rand traded above 9 per dollar for the first time in three years.