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US Stocks Advance Led by Commodities Producers


U.S. stocks rose the most in four days, led by energy and metals producers, after oil climbed to a record and gold advanced to a 27-year high.

Exxon Mobil Corp., the largest U.S. oil company, led energy shares to the biggest gain in seven weeks. Newmont Mining Corp., the world’s second-largest gold miner, rallied to the highest since July 2006. Goldman Sachs Group Inc. helped spark a rebound in financial stocks after the biggest securities firm denied speculation it was preparing to announce a large writedown.

The Standard & Poor’s 500 Index added 13.19, or 0.9 percent, to 1,515.36 at 3:29 p.m. in New York. The Dow Jones Industrial Average increased 82.35, or 0.6 percent, to 13,625.75. The Nasdaq Composite Index rose 19.61, or 0.7 percent, to 2,814.79. About seven stocks gained for every four that fell on the New York Stock Exchange. Benchmark indexes in Asia and Europe also climbed. [MORE]



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