U.S. stocks gained, recovering half of yesterday’s slide, as higher energy and metal prices triggered a rally in commodity producers that overshadowed concern Congress won’t rescue the nation’s auto industry.
The Standard & Poor’s 500 Index increased 1.2 percent to 899.22, with producers of energy and raw materials leading gains among 10 industry groups. The Dow Jones Industrial Average added 70.09 points, or 0.8 percent, to 8,761.42. The MSCI World Index of 23 developed markets rose 1.3 percent to 899.09.
(Bloomberg.com)
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