Stocks Climb on Solid Factory Report as Bonds Fall: Markets Wrap

Stocks climbed after solid factory data bolstered optimism about Corporate America while losses in gold and silver moderated after a dramatic rout. Bonds fell. The dollar saw its biggest two-day gain since April.

The S&P 500 closed near its all-time highs, with economically sensitive sectors leading the way as manufacturing activity expanded the most since 2022. The Russell 2000 index of small firms rose 1%. While gold dropped, it pared an earlier plunge. Oil slumped as geopolitical premiums faded after President Donald Trump said Washington is talking with Iran.