U.S. Stocks Rally on Spending Bounce as Strong Dollar Hits Crude

  • Yield gap between 2-year and 30-year Treasury notes narrows
  • Brazil stocks extend world-beating gain as Rousseff on trial

Japan May Stimulate Activity in Quiet Market, Says Dewan

U.S. stocks rallied to near a record high after data showing an increase in consumer spending underscored the strength of the world’s largest economy amid speculation over the outlook for interest rates. The dollar maintained gains, while oil retreated.

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