Economics
U.S. Stocks Rise With Dollar, Treasuries Slide on Prices
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U.S. stocks rose a third day, the dollar gained and Treasuries fell the most in two weeks, after data showed U.S. inflation quickened as the Federal Reserve begins a policy meeting. Crude slid from an eight-month high.
The Standard & Poor’s 500 Index rose 0.2 percent at 4 p.m. in New York. The Russell 2000 Index of small companies advanced to a two-month high. The rate on 10-year Treasury notes added six basis points to 2.65 percent. West Texas Intermediate crude slid 0.6 percent and gold snapped its longest rally since February. The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major counterparts, added 0.3 percent.