Dow Rises Above 15,000 as Aussie Weakens on Rate Cut

Global stocks rose, with the Dow Jones Industrial Average closing above 15,000 for the first time, as earnings at companies from Societe Generale SA to DirecTV and Allianz SE beat estimates and German factory orders increased. Australia’s dollar fell as the central bank cut interest rates.

The Dow jumped 87.31 points to close at 15,056.2 at 4 p.m. in New York and the Standard & Poor’s 500 Index rose 0.5 percent to 1,625.96, reaching a record for a fourth straight day. The Stoxx Europe 600 Index added 0.3 percent to reach an almost five-year high. Corporate bond risk in Europe retreated to the lowest in three years. The Australian dollar fell versus all of its 16 major peers. Oil slipped 0.6 percent. Ten-year Treasury yields rose two basis points to 1.78 percent, the highest in almost a month.