U.S. Stocks Climb as Dollar Slumps for Third Day: Markets Wrap
- Swiss franc advances with gold as haven assets catch a bid
- Japanese currency set for strongest close since Nov. 2016
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U.S. stocks advanced while the dollar fell and Treasuries rose as financial markets looked ahead to Wednesday’s inflation report.
The S&P 500 Index climbed for a third day, its longest winning streak since mid-January, amid a rally in financial shares and food retailers. Assets seen as safe havens gained as last week’s surge in volatility continued to weigh on traders, with the yen set for the strongest close since November 2016 and the Swiss franc up with gold. The dollar’s three-day loss left it at the lowest in more than a week.