Economics
S&P 500 Gains on GE Earnings as Gold Rises, Dollar Slips
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The Standard & Poor’s 500 Index rose to a record close, erasing earlier losses, as better-than-estimated results from General Electric Co. overshadowed disappointing earnings from Google Inc. and Microsoft Corp. Gold advanced and the dollar slumped.
The S&P 500 rose 0.2 percent to 1,692.09 at 4 p.m. in New York, after reversing an intraday decline of 0.3 percent. The Stoxx Europe 600 Index increased less than 0.1 percent. Treasuries advanced for a second straight week. The dollar slid against most major currencies and gold advanced 0.7 percent. Oil settled higher after swinging between gains and losses during the trading session.