U.S. Stocks Advance, Led by Banks, While Treasuries Drop

U.S. equities rose, recovering early losses, as financial shares led gains that sent the Standard & Poor’s 500 Index within nine points of its record. Stocks dropped in Europe and China as Fitch Ratings cut Italy’s debt and China’s industrial output weakened. Treasuries fell.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.