U.S. stocks rose a third day, the dollar gained and Treasuries fell the most in two weeks, after data showed U.S. inflation quickened as the Federal Reserve begins a policy meeting. Crude slid from an eight-month high.
Yemen’s Shiite Muslim Houthis killed 24 Salafist Sunni Muslims yesterday after a week of sporadic fighting between the two religious communities in the north of the country near the border with Saudi Arabia.
Gunmen fighting Iraqi forces seized more territory along the country’s borders with Jordan and Syria, as President Barack Obama warned that advances by militants could spill over into neighboring countries.
Islamic militants’ sweep through northern Iraq and the collapse of the Iraqi army threaten to undo whatever was accomplished after the U.S. invaded the country and ousted dictator Saddam Hussein 11 years ago.