US stocks rise to cap a week of record swings in index

US STOCKS rose yesterday, capping a week of record swings for the Standard & Poor’s 500 Index, as an increase in retail sales tempered concern the economy is slowing.

The S&P 500, which fell or rose at least 4.4% in the previous four sessions, climbed 0.5% to 1,178.8 in New York to trim its weekly drop to 1.7%.

The Stoxx Europe 600 Index jumped 3.7% as banks climbed for a second day, surging 4.5% as a group after sinking 6.7% on Wednesday. The yield on the 10-year treasury note fell 10 basis points to 2.24%. The Swiss franc slid against all 16 of its most-traded peers.