U.S. Stocks Add to Records as Treasuries Advance: Markets Wrap
- West Texas crude holds above $50 and gold little changed
- Euro gains even as Spanish political turmoil lingers
Shaoul Says Dollar Loss Over the Year Was Justified
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U.S. equities added to records as car sales boosted industrial shares, while Treasury yields turned lower and the dollar erased gains after touching a two-month high.
The S&P 500 Index rose for a sixth day to close at another all-time high after American carmakers reported the best month of the year. Treasuries erased losses that had pushed yields above 2.36 percent on the 10-year note, and the dollar retreated from the highest level since July. Oil held above $50 a barrel.