U.S. Stocks Advance on Google While Bonds Fall With Gold

The Standard & Poor’s 500 Index rebounded from its biggest loss in three months, as sales that topped analyst estimates at Google Inc., the world’s third-largest company, refocused investors on economic growth amid crises in the Middle East and Ukraine. Treasuries dropped with gold.

The S&P 500 rose 1 percent at 4 p.m. in New York, the most since April 16. Google jumped 3.7 percent to lead technology shares higher after selling more advertising alongside Web-search results. Euro Stoxx 50 futures contracts added 0.6 percent, advancing after the Stoxx Europe 600 Index nearly erased a drop of 0.8 percent to close little changed. Espirito Santo International SA, a holding company that’s part of Grupo Espirito Santo, asked for protection from creditors. The yield on 10-year notes rose thee basis points, while the yen weakened against all but one of its 16 major counterparts. Gold slid 0.6 percent.