Stocks rose around the world, with the Standard & Poor's 500 Index surpassing a closing record, while the yen plunged to a six-year low as the Bank of Japan unexpectedly increased its target for monetary stimulus. Treasuries fell with gold.
The S&P 500 climbed 0.9 per cent to 2,012.15 at 12:30 pm in New York, topping its September 18 all-time high. The Dow Jones Industrial Average surged 0.9 per cent after earlier setting an intra-day record.
The Stoxx Europe 600 Index added 1.7 per cent to pare a monthly loss. Japan's currency tumbled beyond 111 per dollar for the first time in more than six years, while the Topix index jumped the most since June 2013. Gold slid to the lowest price since July 2010. The rouble weakened even after the central bank raised its benchmark interest rate more than forecast.
Nine of the 10 main S&P 500 groups advanced today, with technology shares rallying 1.4 percent to pace gains. The Nasdaq Composite Index surged 1.1 per cent to a 14-year high. The Russell 2000 Index of small companies jumped 1 per cent.
The S&P 500 climbed 0.9 per cent to 2,012.15 at 12:30 pm in New York, topping its September 18 all-time high. The Dow Jones Industrial Average surged 0.9 per cent after earlier setting an intra-day record.
The Stoxx Europe 600 Index added 1.7 per cent to pare a monthly loss. Japan's currency tumbled beyond 111 per dollar for the first time in more than six years, while the Topix index jumped the most since June 2013. Gold slid to the lowest price since July 2010. The rouble weakened even after the central bank raised its benchmark interest rate more than forecast.
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Data on Friday showed consumer spending in the US unexpectedly dropped in September as incomes rose at the slowest pace of the year. A separate gauge indicated consumer confidence unexpectedly rose this month.
Nine of the 10 main S&P 500 groups advanced today, with technology shares rallying 1.4 percent to pace gains. The Nasdaq Composite Index surged 1.1 per cent to a 14-year high. The Russell 2000 Index of small companies jumped 1 per cent.