U.S. Stocks Rise, Bonds Erase Loss as Earnings Offset Fed

U.S. stocks rebounded from a two-day selloff as optimism over corporate earnings overshadowed central bank concerns that investors may be growing too complacent about the economic outlook. Treasuries erased losses, while gold advanced and oil and corn slumped.

The S&P 500 added 0.5 percent at 4 p.m. in New York, after slumping 1.1 percent over two days. The 10-year Treasury yield was little changed at 2.56 percent. The MSCI Emerging Markets Index fell for the first time in eight days. The yield on Portugal’s 10-year bond jumped 12 basis points to 3.76 percent. West Texas Intermediate oil dropped 1.1 percent and gold climbed