U.S. Stocks Rally With Treasuries, Gold as Fed Resists Tapering
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U.S. stocks surged, sending the Standard & Poor’s 500 Index to a record, while the dollar slid and Treasuries and gold rallied as the Federal Reserve unexpectedly refrained from reducing its monetary stimulus.
The S&P 500 added 1.2 percent to 1,725.52 at 4 p.m. in New York, its biggest gain since Aug. 1, after dropping as much as