Economics
U.S. Stocks Rise While Treasuries, Gold Slip Amid Citi
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U.S. stocks rose with European equities on an increase in takeover activity and Citigroup Inc. earnings. Treasuries and gold retreated, while Portuguese bonds advanced.
The Standard & Poor’s 500 Index added 0.5 percent to 1,977.11 at 4 p.m. in New York, rebounding for the biggest weekly drop since April. Citigroup jumped 3 percent after reporting adjusted profit that topped estimates. Goldman Sachs Group Inc. boosted its year-end target for the U.S. equities benchmark to 2,050. The yield on 10-year Treasuries rose three basis points to 2.54 percent. Portugal’s 10-year securities had the steepest two-day gain in a month. Gold was poised for the biggest drop in almost seven months.