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 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.
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.
Japan’s Government Pension Investment Fund plans to boost investment in growth stocks to increase returns and may eventually allocate several trillion yen to such equities, the Nikkei newspaper reported on Oct. 5.