U.S. stocks rose on better-than- forecast earnings from companies including Pfizer Inc. and Valero Energy Corp., returning benchmark indexes to five-year highs. Oil helped lead a rally in commodities as global reports boosted economic confidence, while the dollar fell.
Oct. 24 (Bloomberg) -- Haverford Trust CIO Hank Smith and Oppenheimer & Co. Chief market Strategist John Stoltzfus discuss the impact on the markets of the 2012 presidential election. They speak on Bloomberg Television's "In The Loop." (Source: Bloomberg)
U.S. stocks rose, with benchmark indexes rebounding from two-week lows, as consumer, energy and financial shares led gains. The euro reversed an earlier drop versus the dollar triggered by a surge in yields at auctions in Italy and Spain. Corn and coffee led commodities higher.
U.S. stocks retreated, sending the Standard & Poor’s 500 Index to the lowest level in almost a month, as political tension in Greece intensified concern about a euro exit and a deepening of the region’s debt crisis.
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for the first time in four days, as oil rose amid unrest in Libya and concern grew that Europe won’t find an immediate solution to its debt crisis.