U.S. stocks rose, with the Standard & Poor’s 500 Index erasing losses to close at a record, as data showing stronger-than-forecast jobs growth overshadowed concern the situation in Ukraine could worsen.
Treasuries fell for a fourth day, while oil and the dollar rose after stronger-than-forecast jobs growth fueled optimism in the American economy. U.S. stocks were little changed as Russia said it may cut Ukraine’s gas supplies.
Emerging-market stocks rose to a six-week high as better-than-estimated U.S. jobless claims data bolstered confidence in the global economy. India’s S&P BSE Sensex climbed to a record amid a shrinking current-account gap.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding to a record after its biggest loss in a month, as comments from Russian President Vladimir Putin signaled the Ukraine crisis won’t immediately escalate.
Global stocks rebounded from the biggest drop in a month and the ruble rallied as Russia said there was no immediate need to invade eastern Ukraine. Bonds retreated with gold as oil slipped the most in two months.
Gains in everything from gold to oil drove commodities to the highest since September as Ukraine’s turmoil boosted the appeal of haven assets and fueled concern that energy and agricultural supplies will be disrupted.
The Standard & Poor’s 500 Index rose to another record and Treasuries fell amid improving U.S. consumer confidence and speculation the Federal Reserve will continue to support the economy. The euro strengthened after data showed faster-than-estimated inflation.
Two things explain why the biggest gains in the U.S. stock market this year are coming from companies without profits, according to Jeff Mortimer of BNY Mellon Wealth Management: Greed, and fear of missing out.