Stocks Advance on Chinas Growth, U.S. Retail-Sales Data； Dollar Weakens

Stocks surged, sending the Standard & Poor��s 500 Index to its biggest gain in almost two months, as higher-than-forecast Chinese industrial output and American retail sales eased concern about a global economic slowdown. Treasuries tumbled and the dollar fell, while commodities rose.

The Standard & Poor��s 500 Index rallied 1.3 percent to 1,287.87 at 4 p.m. in NY, the biggest gain on a closing basis since April 20. Ten-year Treasury yields surged 12 basis points, the most since January, to 3.10 percent and the Dollar Index lost 0.2 percent. Copper led the S&P GSCI Index up 0.9 percent and oil rebounded from a one-month low. Greek bonds slid as European officials met to discuss the nation��s debt crisis.

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