U.S. stocks rose, lifting the S&P 500 Index to within striking distance of an all-time high, as investors digested company earnings ahead of data due Friday on the American economy. Stimulus bets colored currency trading ahead of the Bank of Japan’s policy review.
The S&P 500 staged an afternoon comeback to end five points below its record after falling as much as 0.4 percent earlier in the session. Earnings from Ford Motor Co. to Facebook Inc. tugged indexes in opposite directions, while shares of Google’s parent Alphabet Inc. surged more than 5 percent in extended trading after its profit topped estimates. The dollar weakened and the yen erased gains before the BOJ’s statement Friday, as pound slid on bets the Bank of England will lower interest rates next week. U.S. oil neared $41 a barrel.