The Standard & Poor’s 500 Index climbed 1.6 percent to 1,459.99 at 4 p.m. in New York and rates on mortgage bonds tumbled to record lows. Ten-year Treasury yields slipped three basis points to 1.73 percent after rising as much as seven points earlier. Oil climbed 1.3 percent to $98.31 a barrel, a four-month high, while gold jumped to the highest price since February. The Dollar Index (DXY), a gauge of the currency against six peers, fell 0.6 percent to the lowest level since May.
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