Gas Gains With Coffee in Commodity Jump; U.S. Stocks Rise

Natural gas and oil led a gauge of commodities to a five-month high as a winter storm in the U.S. Northeast boosted fuel demand and coffee surged amid a drought in Brazil. The Standard & Poor’s 500 Index rose a third day.

Gas futures jumped 6.5 percent and crude oil climbed 2.1 percent to a four-month high, driving a fifth day of gains in the S&P GSCI raw materials index. Arabica coffee surged as much as 10 percent and silver was poised for its longest rally in at least 45 years. The S&P 500 closed 0.1 percent higher while the Dow Jones Industrial Average fell 0.2 percent. Forest Laboratories Inc. soared as Actavis Plc agreed to buy the company. The yen lost 0.5 percent and 10-year Treasuries rose.