Economics
S&P 500 Surpasses Record on Data, Gold Sinks on Rate Bets
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The Standard & Poor’s 500 Index rose to a record, while oil advanced with bonds, amid optimism the Federal Reserve is committed to supporting a strengthening economy. Gold sank to a two-month low.
The S&P 500 added 0.3 percent at 4 p.m. in New York for a fourth day of gains, its longest streak since June. Emerging-market equities fell 0.4 percent from a three-year high, while the Stoxx Europe 600 Index advanced 0.7 percent to the most this month. Ten-year Treasury yields retreated for the first time in four days. Gold dropped, while the dollar erased gains and oil climbed.