S&P 500 Rises to Record as Treasuries Gain, Dollar Slips
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record, as geopolitical tensions eased and investors speculated weaker jobs growth will prevent the Federal Reserve from raising interest rates sooner than anticipated. Treasuries gained and the dollar fell.
The S&P 500 rose 0.5 percent to 2,007.70 at 4 p.m. in New York, erasing losses for the week. The yield on five-year Treasury notes dropped 3 basis points to 1.69 percent. The Stoxx Europe 600 Index slid 0.4 percent, trimming a fourth weekly increase, while Russian equities rallied on a cease-fire agreement in Ukraine. The Bloomberg Dollar Spot Index declined 0.1 percent from a 14-month high. Oil futures retreated 1.2 percent.