Economics
U.S. Indexes Rise to Records as WTI Oil Gains; Euro Falls
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U.S. stocks rose, with benchmark indexes climbing to records as data on hiring and services industries stoked optimism over the economy. The euro slumped on speculation the region’s central bank will boost stimulus.
The Standard & Poor’s 500 Index added 0.4 percent to an all-time high of 2,074.33 by 4 p.m. in New York, while the Dow Jones Industrial Average climbed to 17,912.62. Energy stocks jumped 1.2 percent as U.S. crude oil rose for the second time in seven days. The Stoxx Europe 600 Index advanced 0.6 percent. The euro slid to its lowest level versus the dollar in more than two years as a gauge of the greenback versus major peers advanced to a five-year high. Gold futures gained 0.8 percent.