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U.S. Stocks Climb as Pound Jumps, Crude Rebounds: Markets Wrap

  • Oil climbs past $56 a day after falling the most in two months
  • Brazilian assets sink amid skepticism on pension overhaul
Bloomberg business news
Kenneth Taubes, chief investment officer of U.S. investment management at Amundi discusses markets.Source: Bloomberg
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U.S. stocks rose as investors evaluated the outlook for a final tax bill while the dollar advanced for a fourth day and oil rebounded from its worst selloff in two months.

The S&P 500 ended a four-day losing streak, with industrial and consumer discretionary shares among the best performers in a modest but broad rally that saw two stocks gain for every one that dropped. Gold fell to a four-month low. The pound jumped on speculation that Ireland and Britain were close to a Brexit deal. Brazil’s real and stocks tumbled amid growing skepticism a pension overhaul will be passed this year.