S&P 500 Climbs to Record as Europe, China Fuel Optimism

U.S. stock benchmarks climbed to records, giving the Standard & Poor’s 500 Index a fifth weekly gain, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures.

Materials companies in the S&P 500 rose the most this month to a two-month high, and industrial shares increased to a record amid speculation the increased accommodation will spur global economic growth. Caterpillar Inc. jumped 4.3 percent. The Bloomberg U.S. Airlines Index dropped for a third day.