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U.S. Stocks Rise to Record on Economy While Gold Retreats

U.S. stocks rose, with benchmark indexes climbing to records, as employment data boosted optimism in the economy. Gold fell after the Federal Reserve yesterday raised rate estimates for 2015.

The Standard & Poor’s 500 Index added 0.5 percent to an all-time high of 2,011.39 at 4 p.m. in New York, surpassing its record from Sept. 5. The Dow Jones Industrial Average added 0.6 percent to a record 17,265.99. The pound rallied on speculation Scotland will reject a referendum on independence, while the yen fell to a six-year low versus the dollar. The Bloomberg Commodity Index sank to a five-year low as copper and crude tumbled. Gold slid to the lowest in eight months.