U.S. stocks raw materials increased and extended its biggest weekly rise in more than a year as a falling dollar drove oil prices and metals, helping to overcome a drop early action following an unexpected rise in unemployment.
The Standard & Poor's 500 rose 0.3 percent to 1,224.71 at 4 pm in New York, adding to gains in the last half hour after CBS reported that the Federal Reserve, Ben S. Bernanke has not ruled out expanding the central bank program to buy assets beyond $ 600 billion. The dollar index lost 1.5 percent to its biggest drop since July. Oil rose to a 25 - month high near $ 89 a barrel and the S & P / GSCI index of prices rose to its highest level in more than two years.
The Dow Jones Industrial Average and S & P 500 earnings rose more than 3.2 percent in the last...