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U.S. Stocks Reverse Losses as Oil Stabilizes; Treasuries Decline

  • Crude around $32 a barrel to halt rout on U.S. stockpiles
  • Gold ekes out more gains; `Brexit' concern weighs on pound
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Equities in the U.S. rose, with indexes recovering from drops of more than 1 percent as crude oil prices steadied around $32 a barrel, while Treasuries reversed gains as demand for some haven assets abated. 

The Standard & Poor’s 500 Index overcame a decline of as much as 1.6 percent as mining stocks rallied with technology shares, which helped the Nasdaq 100 Index up 0.9 percent. U.S. crude settled at $32.15 a barrel, clawing back from a slump that took it below $31. While gold and the yen extended gains, 10-year Treasury notes swung to losses, with yields on the debt rising three basis points to 1.75 percent. Wheat slid to a five-year low.