U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a fourth day, as reports on jobless claims and factory orders were better than forecast and the European Central Bank said it stands ready to buy bonds.
U.S. stocks and commodities rallied, while the dollar and Treasuries fell, as American jobless claims climbed less than forecast and the European Central Bank said it’s ready to buy bonds once necessary conditions are met.
Bearish option trades on Mexican stocks jumped to the highest since March 2009 in the U.S. as investors boosted bets against an exchange-traded fund tracking 43 companies including America Movil SAB and Grupo Mexico SAB.
The benchmark index for U.S. stock options jumped to the highest since February and Europe’s gauge closed at a level last reached in July on concern the Greek debt crisis is spreading to Spain and Portugal.
Most U.S. stocks rose, sending the Standard & Poor’s 500 Index to a two-year high, as better-than- projected earnings forecasts at Oracle Corp. and Research In Motion Ltd. and the takeover of a regional bank overshadowed concern Europe’s debt crisis will spread.