Dollar Climbs to 120 Yen After U.S. Housing Sales Surge

The dollar climbed to 120 yen for the first time in a week after a jump in U.S. sales of previously owned homes backed speculation that the Federal Reserve will raise interest rates this year. The greenback held a three-day advance against the euro before finance ministers from the currency bloc meet in Riga, Latvia, on Friday to persuade Greece to commit to economic reforms so...

Gold Futures Slump Most in Six Weeks as U.S. Home Sales Jump

Gold futures fell the most in six weeks as signs of a recovery in the U.S. economy curbed demand for the precious metal as an alternative asset. Silver dropped to the lowest since mid-March. Sales of previously owned homes jumped in March to the highest since September 2013, figures from the National Association of Realtors showed Wednesday. The dollar pared losses against a...

U.S. Stocks Climb Toward Records Amid Rally in Coke, McDonald’s

U.S. stocks rose toward records, with the Nasdaq Composite Index at the highest closing level since 2000, as technology shares jumped and Coca-Cola Co. and McDonald’s Corp. rallied after reporting earnings. Coca-Cola jumped 1.3 percent as it enticed consumers to pay more for its drinks during the quarter. McDonald’s soared 3.1 percent as Chief Executive Officer Steve Easterbrook promised to give details of his turnaround plan next month....

U.S. Stocks Climb Toward Records Amid Earnings; Treasuries Drop

U.S. stocks rose amid a spate of corporate results from Coca-Cola Co. to McDonald’s Corp. Energy shares gained after oil erased losses on inventory data, while Treasuries slid on speculation interest rates will climb this year. The Standard & Poor’s 500 Index climbed 0.3 percent at 12:47 p.m. in New York. Visa Inc. surged the most since October after China indicated the company could enter the market. Japan’s Nikkei 225 Index...

European Shares Are Little Changed While Greek Lenders Rebound

European stocks halted a two-day gain amid disappointing earnings releases, while Greek shares rallied after a report that the nation won access to more emergency funding for its banks. The Stoxx Europe 600 Index slipped less than 0.1 percent to 408.99 at the close of trading in London. It earlier rose as much as 0.6 percent and fell 0.8 percent. Retailers declined 1.4 percent, falling the most among 19 industry...