Economics
U.S. Stocks Rise as Internet Shares, Retailers Rally
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U.S. stocks rose, sending the Dow Jones Industrial Average to a record, as Internet shares rallied and retailers gained on earnings. The euro fell to a one-month low and coffee capped the biggest weekly drop since March.
The Standard & Poor’s 500 Index rose 0.2 percent at 4 p.m. in New York. The Dow Jones Internet Index gained 1.3 percent, trimming a weekly slide to 3.6 percent, while the Dow Jones Industrial Average climbed 0.2 percent to an all-time high. The euro weakened 0.6 percent to $1.3757. Ten-year Treasury yields rose one basis point to 2.62 percent. Arabica-coffee futures, cocoa and sugar retreated.