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U.S. Stocks Rise Amid Lower Borrowing Costs at Europe Auctions

  January 13, 2012

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a fourth day, as a drop in borrowing costs at debt auctions in Europe overshadowed disappointing data on American jobless claims and retail sales. The S&P 500 rose 0.2 percent to 1,295.42 at 4 p.m. New York time, according to preliminary closing data. The benchmark gauge gained 1.2 percent over the previous three days. “There are significant cross currents,’’ Michael Mullaney, who helps manage $9.5 billion at Fiduciary Trust in Boston, said.

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