Stocks advance amid China outbound shipments

Equities advanced in the U.S. and emerging markets as Chinese exports climbed. The S&P's 500 Index gained 0.5% to 1,663.08, while the MSCI Emerging Markets Index soared 1.7% as of 10:58 a.m. New York time and the Shanghai Composite Index rose 3.4%. The data showed 7.2% increase in exports, which led to biggest increase in equities in Shanghai this year.