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S&P 500 Rises to Record as Greece Lifts Euro; Metals Sink

Bloomberg business news

U.S. Risk From Greece Hinges on ECB Plan: Weinberg

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The Standard & Poor’s 500 Index rose to a record and the euro strengthened, while Treasuries fell amid speculation Greece’s standoff with creditors will ease. Crude oil extended gains as metals tumbled.

The S&P 500 added 0.2 percent to a fresh all-time high of 2,100.34 by 4 p.m. in New York, amid below average trading volumes following Monday’s U.S. holiday. The Stoxx Europe 600 finished 0.1 percent higher after reversing losses, while the U.K.’s FTSE 100 Index climbed to its highest level since 1999. U.S. oil advanced for a third day while gold to copper slumped more than 1 percent. The euro rebounded, gaining 0.5 percent to $1.1413. Yields on Greece’s three-year notes rose for a second day, to 18.62 percent, and U.S. Treasury rates also climbed.