S&P 500 Caps Biggest June Advance Since 1999 on European Deal

The Standard & Poor’s 500 Index capped the biggest June rally since 1999 after European leaders reached an agreement that alleviated concern banks will fail.

All 10 groups in the S&P 500 rose as industrial, technology and commodity shares had the biggest gains. Caterpillar Inc., Apple Inc. and Bank of America Corp. climbed at least 2.6 percent to pace rallies among the biggest companies. Exxon Mobil Corp. jumped 3 percent as oil surged 9.4 percent, the most in more than three years as commodities surged. KB Home climbed 13 percent after the homebuilder reported a narrower loss.