U.S. stocks rose, as small-cap and Internet shares extended advances on one of the slowest trading days of the year. The yen strengthened to a three-month high versus the dollar while oil touched a four-week high.
U.S. stocks climbed, with Internet shares halting a four-day slide, as results from Merck & Co. to Sprint Corp. beat estimates while the Federal Reserve met on policy. Corn gained a third day to lead a gauge of commodities higher.
U.S. stocks fell, with the Nasdaq Composite Index sinking the most since 2011, as technology shares resumed a selloff on concern valuations are too high as earnings season begins. Treasury rates sank to a three-week low on speculation interest-rate increases won’t be accelerated.