U.S. stocks rallied, sending the Standard & Poor’s 500 Index above 1,700 for the first time, after central banks vowed to maintain stimulus and data on global manufacturing beat forecasts.
All 10 S&P 500 main industries advanced. MetLife Inc. rose 5.3% on better-than-estimated operating earnings. Procter & Gamble Co. gained 1.4% after posting profit that topped analysts’ estimates.
US stocks rally; S&P 500 rises above 1,700 for first time