U.S. stocks rose, giving the Dow Jones Industrial Average its biggest gain since July 11, as exports from China topped forecasts and corporate acquisitions fueled optimism in the world’s largest economy.
Stocks rose in the U.S. and emerging markets and currencies from South Korea’s won to Malaysia’s ringgit strengthened as Chinese exports topped forecasts. Japanese shares gained and the yen weakened after Tokyo was selected to host the 2020 Olympics.
U.S. stocks fell, with the Standard & Poor’s 500 Index snapping a streak of seven monthly gains, as comments from Federal Reserve Governor Jeremy Stein spurred concern the central bank may begin to reduce stimulus in September.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to its first back-to-back weekly gain since October, after European leaders agreed to boost a rescue fund and reports spurred optimism about the economy.
The Standard & Poor’s 500 Index erased losses in the final hour of trading as investors weighed the Federal Reserve’s latest policy minutes for evidence that the central bank may be closer to additional stimulus actions.
U.S. stocks rose, breaking a two- week slump, as industries considered the safest investments led gains after reports on home sales and jobless claims tempered optimism about the economy while earnings lifted companies from Travelers Cos. to General Electric Co.