U.S. Stocks Stop Global Drop, Dollar Falls & Commodities Recover
The Standard & Poor’s 500 Index rose 0.4 percent to 1,164.25 in New York, as health-care shares climbed after the U.S. House passed legislation to allow uninsured Americans to get medical coverage and analyst upgrade helped chipmakers gain The MSCI World Index of global stocks rose 0.2 percent after erasing a 0.9 percent downside. The Dollar Index was down 0.1 percent to 80.663 after rising 0.4 percent earlier. The
U.S. stocks moved higher and the dollar erased gains, helping commodities reverse losses, as a rally in drug and technology shares overshadowed concern higher interest rates and swelling public debt will stifle the global recovery.
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