U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the world’s largest economy. Industrial metals fell on concern about China’s growth.
Emerging-market stocks fell a third day, capping the longest slide in a month, as Chinese industrial output trailed estimates and India’s trade deficit widened. Homebuilder Gafisa SA paced losses in Brazil’s Ibovespa.
U.S. stocks tumbled, sending the Standard & Poor’s 500 Index to its biggest drop of the year as a gauge of market volatility jumped the most in 20 months, after China’s economy grew at a slower pace than forecast.