Stocks Gain With Metals on Manufacturing as Yen Weakens
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U.S. stocks rose, rebounding from the first monthly loss since October, and metals led commodities higher as reports bolstered optimism in manufacturing from Japan to the U.S. The yen weakened while Treasuries erased early losses to trade little changed.
The Standard & Poor’s 500 Index climbed 0.5 percent to 1,614.96 at 4 p.m. in New York, paring an earlier rally of 1.3 percent. The Stoxx Europe 600 Index and Japan’s Topix Index rose more than 1 percent each. The yen slipped 0.5 percent to 99.60 per dollar. The yield on the 10-year Treasury note decreased two basis points to 2.47 percent after rising as much as 6 basis points earlier. Copper, gold and aluminum jumped more than 2 percent to lead commodity gains.