Gold and silver sank with oil, while the dollar weakened against most peers and Treasuries rose as investors dissected speeches from Federal Reserve officials to gauge the outlook for stimulus. Most U.S. stocks fell after the Dow Jones Industrial Average exceeded 16,000 for the first time.
Cheap is converging with expensive in the American equity market, narrowing options for investors looking for bargains after the broadest rally on record lifted almost 90 percent of the Standard & Poor’s 500 Index this year.
U.S. stocks rose, sending benchmark indexes to records, as Macy’s Inc. led a rally among retailers and investors speculated the Federal Reserve’s Janet Yellen will continue the central bank’s stimulus policy as chairman.
U.S. stocks rose for the week, giving the Standard & Poor’s 500 Index the longest winning streak since February, as signs of a stronger economy overshadowed concern the Federal Reserve will scale back stimulus.
U.S. stocks advanced, sending the Dow Jones Industrial Average to a record close, as Federal Reserve officials said economic weakness warrants continued stimulus and investors await data this week on jobs and growth.
Stocks rose, sending the Dow Jones Industrial Average to a record, and Treasuries climbed as Federal Reserve officials said weakness in the U.S. economy warranted continued stimulus. Oil led commodities up from a four-month low while the yen and dollar weakened.