U.S. stocks gained as the Russell 2000 Index erased a loss and data showing growth in housing starts overshadowed a drop in consumer confidence. Treasuries fell for the first time in four days amid speculation their rally went too far amid a strengthening economy.
Emerging-market stocks rose for a second day after diplomatic leaders reached a deal aimed at defusing the crisis in Ukraine. Russia’s ruble posted the biggest advance among the world’s major currencies.
U.S. stocks climbed, with the Standard & Poor’s 500 Index posting a fifth quarterly gain, as Federal Reserve Chair Janet Yellen signaled continued monetary support and tensions appeared to ease in Ukraine.
The euro rose to a two-month high and Treasuries fell after fewer people filed U.S. jobless claims and the European Central Bank left interest rates at a record low. U.S. stocks pared gains as health-care companies slid while palladium led gains among precious metals.