Stocks, Euro, Commodities Gain as Treasuries Fall on Greece Deal
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Stocks and the euro rose, Treasuries fell and commodities extended their longest rally of the year as Greek politicians agreed on austerity plans needed to qualify for international aid and U.S. jobless claims decreased.
The Standard & Poor’s 500 Index increased 0.2 percent to close at a seven-month high of 1,351.95 at 4 p.m. in New York. The Dow Jones Industrial Average rose 6.51 points to 12,890.46, the highest since May 2008. The euro strengthened 0.2 percent to $1.3287, near a two-month high. Thirty-year Treasury yields climbed to a three-month high following an auction. The S&P GSCI Index of 24 commodities advanced for a fifth straight day as industrial metals led gains and oil approached $100 a barrel.