Economics
U.S. Stocks Rise, Bonds Slip a Fifth Day Amid Reports
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U.S. stocks rose, with the Standard & Poor’s 500 Index at a record, while Treasuries touched the lowest level in three weeks before the European Central Bank’s rate decision tomorrow and a government jobs report on June 6. Copper sank the most in five weeks.
The Standard & Poor’s 500 Index rose 0.2 percent to a record 1,927.70 at 4 p.m in New York. The yield on 10-year U.S. Treasuries added one basis point to 2.60 percent. The Stoxx Europe 600 Index closed little changed before the ECB meeting. Copper declined 1.4 percent for the biggest drop in five weeks, while oil reversed an earlier 1 percent gain to fall 0.2 percent.