U.S. Stocks Rise While Oil Rallies as PBOC Adds Stimulus
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U.S. stocks rose and commodities rallied on a report that China’s central bank is boosting stimulus measures. The dollar fell on bets the Federal Reserve won’t be in a hurry to raise rates.
The Standard & Poor’s 500 Index rose 0.8 percent at 4 p.m. in New York, the biggest gain in a month. Copper rallied the most in 13 months and U.S. crude surged 2.1 percent. The Stoxx Europe 600 dropped 0.3 percent, while emerging-market equities advanced after eight declines. Treasury 10-year note yields were little changed at 2.59 percent. The Bloomberg Dollar Spot Index slid 0.3 percent.