Stocks Rise as Treasuries Fall on Jobs, Greece Debt Swap
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Stocks climbed, rebounding from the worst drop of 2012, while Treasuries fell as a report showed U.S. companies boosted hiring and more investors agreed to a Greek debt swap. Natural gas tumbled to a 10-year low.
The Standard & Poor’s 500 Index rose 0.7 percent to 1,352.63 at 4 p.m. in New York and the Dow Jones Industrial Average advanced 78 points. The S&P GSCI index of 24 commodities added 0.7 percent as gasoline, silver and oil rallied. Ten-year Treasury yields increased three basis points to 1.97 percent. The euro gained 0.3 percent to $1.3146 as the shared currency strengthened against 10 of 16 major peers. The Dollar Index, a gauge of the currency against six major peers, lost 0.2 percent.