Economics
U.S. Stocks Rise While Gold, Treasuries Decline on Fed Minutes
This article is for subscribers only.
U.S. stocks rose, erasing yesterday’s decline in the Standard & Poor’s 500 Index, while Treasuries and gold fell as Federal Reserve meeting minutes showed policy makers saw a muted risk of inflation from continued stimulus. Oil rallied to a one-month high.
The S&P 500 increased 0.8 percent at 4 p.m. in New York, rising for the third time in four days. The Bloomberg Dollar Spot Index added 0.1 percent, while the yield on 10-year Treasury notes climbed two basis points to 2.53 percent. Oil rallied 1.7 percent after a government report showed U.S. supplies tumbled last week. Gold fell 0.3 percent to $1,290.68.