Economics
U.S. Stocks Hold at Record Levels as Bonds Rise on Jobs
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U.S. stocks held at all-time highs as payrolls data supported speculation the economy is withstanding an overseas slowdown. Treasuries climbed with gold and the dollar slumped amid bets interest rates will stay low.
The Standard & Poor’s 500 Index rose less than 0.1 percent at 4 p.m. in New York, after closing at a record yesterday. The yield on 10-year Treasuries fell 8 basis points, the most in three weeks, to 2.31 percent. The Bloomberg Dollar Spot Index slid 0.6 percent. Emerging-market shares fell for a fifth day, and the Stoxx Europe 600 Index lost 0.5 percent. Gold futures climbed 2.4 percent, the most since June, and West Texas Intermediate jumped 0.9 percent, trimming a weekly decline.