Economics
Most U.S. Stocks Rise Amid Small-Cap Rally; Brent Tumbles
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Most U.S. stocks rose, as small cap shares rebounded on speculation selling was overdone and as concern over Europe’s stimulus plan faded. Brent tumbled to the lowest since June 2012.
The Standard & Poor’s 500 Index was little changed at 4 p.m. in New York, erasing an earlier slide of 1 percent. The Russell 2000 Index jumped 1 percent as small caps rebounded from a selloff yesterday. The Stoxx Europe 600 Index sank 2.4 percent, the most since June 2013. The euro rose as much as 0.6 percent, advancing for the first time in three days versus the dollar. Treasuries weakened after gaining the most in more than eight months yesterday.