The Standard & Poor’s 500 Index rose in a three-day trading week, as the market reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888, and American voters prepared to choose a president.
Emerging-market stocks advanced to a three-month high after President Barack Obama delayed a decision on military action against Syria. Apple Inc.’s Asian suppliers paced declines among technology companies.
Emerging-market stocks capped the longest rally since March, currencies gained and bond yields retreated, as a rebound in U.S. manufacturing bolstered optimism that global economic growth will pick up.
U.S. stocks fell for a second day amid disappointing earnings reports and data on leading economic indicators and Philadelphia-area manufacturing that trailed estimates. European shares erased earlier gains while gold rose and oil rebounded from a four-month low.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to an almost two-month high, as investors weighed prospects for a budget deal in Washington. The yen fell to 20-month low as the Liberal Democratic Party returned to power on calls for more monetary easing.
U.S. stocks fell while Treasuries rose as investors awaited a speech from Federal Reserve Chairman Ben S. Bernanke to gauge the outlook for monetary policy. Apple Inc. surged after winning a patent case.