S&P 500 Returns to Gains as Risk Revival Fuels World Stock Rally
- U.S. biotech stocks rebound as energy shares extend advance
- Emerging-market assets surge, with equities at six-week high
Why Energy Is Bull Market's Last Great Opportunity
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Increasing demand for risk assets sent global equities to their longest rally since April, while gold and Treasuries slid.
Biotechnology shares rebounded from Tuesday’s selloff to lead the Standard & Poor’s 500 Index to its highest level since August. Emerging-market assets surged as persistent weakness in the dollar spurred gains among commodities producers. Benchmark indexes in Europe and Canada extended winning streaks, even as oil halted its rally.