U.S. stocks rose, extending a monthly rally, as reports indicated the American economy is growing at a pace that won’t hasten the end of Federal Reserve stimulus. Japanese stock futures climbed after shares plunged in the regular session, while the dollar weakened.
The Standard & Poor’s 500 Index added 0.4 percent to 1,654.41 and the Stoxx Europe 600 Index increased 0.4 percent after tumbling 1.9 percent yesterday. Japan’s Topix Index slid 3.8 percent, taking its decline from the recent peak to more than 10 percent, the threshold for a correction. Gauges of currency-market and Treasury volatility jumped to the most in almost a year. The 10-year Treasury yield was little changed at 2.11 percent and the Dollar Index slid 0.8 percent. Gains in aluminum, silver, lead and gold helped the S&P GSCI commodities index erased most of an earlier 1 percent drop.