U.S. stocks advanced while Treasuries fell after solid economic data bolstered confidence in the economy and the case for higher interest rates. Financial shares climbed after three of the largest American lenders reported results.
The Nasdaq Composite Index notched a fresh record, while the S&P 500 Index pared a weekly decline that’s seen it slip from an all-time high. The yield on the 10-year Treasury note climbed to 2.39 percent after retail sales picked up and producer prices firmed last month. The dollar fell to the lowest point in almost a month. Gold retreated from a two-month high. U.S. markets are closed Monday for a federal holiday.
