Economics
Stocks Rise, Oil Slips as Investors Weigh Data, Earnings
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U.S. stocks rose while oil fell as investors analyzed corporate earnings and home sales to gauge the prospects for continued central bank stimulus. Copper and gold rallied while the yen strengthened.
The Standard & Poor’s 500 Index rose 0.2 percent at 4 p.m. in New York, climbing to a record. The Stoxx Europe 600 index added 0.2 percent. Oil tumbled 1.1 percent from a 16-month high, while copper increased 1.4 percent and gold jumped the most in more than a year. Portugal’s bonds climbed and the yen strengthened 1.1 percent against the dollar.