U.S. Stocks Add to Records, Dollar Gains With Oil: Markets Wrap
- Greenback advances after Fed official keeps March hike alive
- Home Depot, Wal-Mart jump after results buoy consumer hopes
BMO's Gallo Sees Little Impact on Dollar From Fed Hikes
U.S. stocks rose to records as retailer results topped estimates, while the dollar resumed its advance amid fresh signs global growth has started to accelerate. Mexico’s peso rallied after the central bank signaled support.
The S&P 500 Index rose after results from Wal-Mart Stores Inc. and Home Depot Inc. bolstered confidence the American consumer can stoke growth. European equities advanced after readings on euro-area manufacturing topped estimates. The dollar climbed on speculation rates could rise as soon as next month. It pared gains in afternoon trading as the peso soared after the central bank said it will bolster the currency without draining international reserves. Oil settled higher.