Stocks climbed, sending the Standard & Poor’s 500 Index to a record closing level, after U.S. home sales increased and investors speculated central banks will continue to stimulate the economy. The euro rose with Italian bonds as the country formed a government
Stocks jumped, sending the Standard & Poor’s 500 Index to a record, as China’s imports grew, Japan reiterated its stimulus plans and investors speculated earnings will beat estimates. Treasuries fell after minutes showed the Federal Reserve debated the end of its bond purchases.
Tenet Healthcare Corp. and HCA Holdings Inc. led hospital stocks lower as traders shifted bets to health insurers that stand to benefit from a U.S. government decision to pare back a cut in their Medicare payments.