U.S. stocks rose, sending benchmark indexes to a one-year high, on better-than-estimated earnings and speculation the economy is healthy enough for policy makers to unwind efforts to shore up the financial system. The dollar fell, while commodity prices and 10-year Treasuries advanced.

Gannett Co., the biggest U.S. newspaper publisher, jumped 8.2 percent on results that beat estimates. Texas Instruments Inc. climbed before reporting earnings. Caterpillar Inc. surged 6 percent after RBC Capital Markets recommended the shares. Banks advanced as the Federal Reserve Bank of New York said it is assessing the use of reverse repurchase agreements to drain record amounts of cash added to the financial system.

The Standard & Poor’s 500 Index climbed 0.9 percent to 1,097.91 at 4:06 p.m. in New York, adding to gains from a back- to-back weekly advance. The Dow Jones Industrial Average jumped 96.28 points, or 1 percent, to 10,092.19. The MSCI World Index of 23 developed countries rallied 1.3 percent. Four stocks rose for each that fell on the New York Stock Exchange.

(Source: Bloomberg.com)