U.S. Stocks End Higher as Treasuries Hold Gains Before Jobs Data
- S&P 500 adds to end-of-quarter rally in choppy trading
- Crude advance evaporates, copper leads losses in metals
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U.S. stocks erased a steep drop in afternoon trading, while Treasuries and crude oil meandered as investors awaited a report on the American labor market that’s likely to influence expectations on the outlook for interest-rate hikes.
The Standard & Poor’s 500 Index rallied back from a slump of more than 1 percent to post its third straight day of gains. The advance added to an end-of-quarter rally that helped pare its worst performance in four years. U.S. crude surged more than 4 percent only to settle near where it began. Ten-year Treasury yields touched a five-week low before reversing in the final hour of the Thursday session, while the dollar retreated.