Treasuries advanced on weaker-than- estimated retail sales while the Standard & Poor’s 500 Index was little changed after climbing above 1,900 for the first time. The euro slid on speculation over stimulus measures.
Men’s Wearhouse Inc. rejected a $2.3 billion cash takeover offer from Jos. A. Bank Clothiers Inc., saying the bid undervalued the company and wasn’t in the best interest of investors. It also adopted a shareholder rights plan.
U.S. stocks rose, extending a third monthly gain for the Standard & Poor’s 500 Index, as Hewlett- Packard Co. led a technology rally while data on employment and consumer confidence boosted optimism in the economy.
North American heavy-truck orders are hitting a speed bump, with cancellations jumping to the fastest pace in about two years as a stagnating economic recovery prompts fleet owners to delay or scrap purchases.