Stocks Gain With Treasuries, Metals as Dollar Weakens

U.S. stocks rose with Treasuries, while European shares extended the longest rally since 2010, as lower-than-forecast growth in American payrolls spurred speculation the Federal Reserve won’t rush to withdraw stimulus.

The Standard & Poor’s 500 Index advanced 0.6 percent to 1,754.67 at 4 p.m. in New York, reaching a record for a fourth straight day, and the Stoxx Europe 600 Index added 0.4 percent for a ninth consecutive gain. Ten-year Treasury yields fell 9 basis points to 2.51 percent, the lowest since July. The Bloomberg U.S. Dollar Index dropped 0.5 percent to an almost nine-month low. Copper and gold rose more than 1 percent while oil slid to an almost four-month low of less than $98 a barrel.