U.S. Stocks Gain With Commodities as Dollar Index Falls

Stocks rose, sending the Standard & Poor’s 500 Index to a record for a fifth day, amid better-than-projected earnings forecasts. European shares and metals gained as China’s trade and German industrial output beat estimates.

The Standard & Poor’s 500 Index added 0.4 percent to 1,632.69 as of 4 p.m. in New York while the Stoxx Europe 600 Index climbed 0.6 percent to an almost five-year high and emerging market equities erased their loss for the year. Copper, lead, natural gas and gold rose at least 1.4 percent to lead commodities higher while the Dollar Index lost 0.4 percent. Ten-year Treasury yields fell one basis point to 1.77 percent after surging 15 basis points in three days. The New Zealand dollar weakened against all 16 major peers after the Reserve Bank said it sold the so-called kiwi to protect the economy.