Weaker Dollar Sparks Commodities Rally; U.S. Stocks Edge Higher

Updated on
  • S&P 500 closes above 2,100 for first time since Dec. 1
  • Intel falls in late trading after announcing 12,000 jobs cuts

Stock Market Has Gone 'Too Far Too Fast:' Dwyer

The dollar fell to the weakest level since June, sparking a rally in commodities from oil to silver that lifted emerging-market assets. The Standard & Poor’s 500 Index closed above 2,100 for the first time since Dec. 1 amid a spate of corporate earnings results.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.