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U.S. Stocks Rebound While Treasuries Fall on Factory Data

U.S. stocks rebounded from the worst weekly decline since January and Treasuries fell as better-than-forecast economic data overshadowed concern over Ukraine. Russian shares rallied with the ruble.

The Standard & Poor’s 500 Index gained 1 percent to 1,858.83 following last week’s 2 percent drop. Ten-year Treasury yields rose four basis points to 2.69 percent by 5:11 p.m. in New York. Moscow’s Micex Index surged 3.7 percent after four days of declines. The ruble strengthened while the yen slid against 15 of 16 major peers. Commodities slumped, with corn and wheat retreating amid signs of steady exports from Ukraine amid the political turmoil, while oil lost 0.8 percent.