Dow Average Reaches Another Record; Yen Drops, Oil Gains

Stocks rose, with the Dow Jones Industrial Average reaching a third straight record, as U.S. jobless claims dropped. The euro gained as the European Central Bank said the economy may stabilize this year, while Japan’s yen weakened to 95 per dollar for the first time since 2009.

The Dow rose 0.2 percent to 14,329.49 and the Standard & Poor’s 500 Index gained 0.2 percent at 4 p.m. in New York. Brazil’s Bovespa extended its two-day rally to 5.2 percent, the most since July. U.S. Treasuries fell for a fourth day. The euro climbed 1.1 percent to $1.3105, rebounding from its 2013 low, while the yen weakened against all 16 major peers. Spain’s 10-year bond yield fell 11 basis points to 4.89 percent as the nation sold debt. Natural gas jumped more than 3 percent to lead gains in commodities.