U.S. stocks rallied, sending benchmark indexes to their biggest advance since July, after the economy returned to growth following the worst contraction in seven decades. Treasuries dropped and the dollar and yen weakened, while commodities surged.
The Standard & Poor’s 500 Index increased 2.3 percent to 1,066.11 at 4:05 p.m. in New York. The Dow Jones Industrial Average added 199.89 points, or 2.1 percent, to 9,962.58. Both gauges jumped the most since July 23. The MSCI AC World Index, a measure of developed and emerging markets, rose 1.6 percent after seven straight losses.
(Bloomberg.com)
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