Commodities Rise While Stocks, Treasuries Fall After Fed
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Commodities rose, U.S. benchmark stock indexes retreated from five-year highs and Treasuries reversed earlier losses as the Federal Reserve maintained its asset-purchase program after the economy unexpectedly shrank.
Zinc, nickel and silver climbed more than 2.6 percent to lead gains in 20 of 24 commodities tracked by the S&P GSCI Index. The S&P 500 Index slipped 0.4 percent to 1,501.96, retreating from the highest level since December 2007. Ten-year Treasury note yields slipped one basis point to 1.99 percent after earlier reaching the highest level since April. The euro strengthened above $1.35 for the first time since 2011.