U.S. Stocks Rise to Records as Global Equities Rally

Stocks rose around the world, with the Standard & Poor’s 500 Index closing at a record, while the yen plunged to a seven-year low as the Bank of Japan unexpectedly increased its target for monetary stimulus. Treasuries fell with gold.

The S&P 500 climbed 1.2 percent to 2,017.96 at 4 p.m. in New York, topping its Sept. 18 all-time high. The Dow Jones Industrial Average surged 1.1 percent to surpass its Sept. 19 recrod. The Stoxx Europe 600 Index added 1.8 percent to pare a monthly loss. Japan’s currency tumbled beyond 111 per dollar for the first time in more than six years, while the Topix index jumped the most since June 2013. Gold and silver slid to the lowest price since 2010. The ruble weakened even after the central bank raised its benchmark interest rate more than forecast.