U.S. stocks gained as a recovery in technology shares helped the Nasdaq 100 Index rebound from its worst three-day drop since 2011. Oil, gold and Treasuries rose while the Bloomberg Dollar Spot Index slid to a five-month low.
The universities of Connecticut and Kentucky, whose men’s basketball teams face off tonight for the national championship, are joining public colleges across the U.S. seizing on the municipal market’s best start since 2009.
Matthew Rutherford played a key role as the Treasury navigated the global financial crisis, the first downgrade of U.S. government securities and a record budget deficit. What lies ahead for him will be much subtler.