Economics
U.S. Stocks Rise on House Data; Crimea Boosts Treasuries
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U.S. stocks climbed a second day as housing data bolstered confidence in the economy with the Federal Reserve meeting on policy. Treasuries advanced and the yen strengthened amid ongoing turmoil over the Crimea.
The Standard & Poor’s 500 Index rose 0.7 percent to 1,872.25, within six points of a record close. Most Asian index futures climbed after Russia’s Micex Index capped the biggest two-day jump in almost four years and European stocks rose. Ten-year Treasury yields fell two basis points to 2.67 percent by 5:37 p.m. in New York and the dollar weakened 0.3 percent against the yen amid reports of clashes in Crimea. Gold fell 1 percent and oil rallied, while nickel entered a bull market.