Hewlett-Packard Co. , the world’s largest computer maker, forecast profit and sales that missed analysts’ estimates after a slump in consumer spending throttled growth . The shares tumbled 12 percent in late trading.
Treasuries fell for the first time in five days, while U.S. stocks advanced as data showed service industries expanded at the fastest pace in eight months. Wheat jumped to the highest level in a year and gold rose as violence spread in Ukraine.
Amphenol Corp. jumped the most in more than three years, leading gains in the Standard & Poor’s 500 Index, after the maker of electronic and fiber-optic connectors raised its full-year profit and revenue forecasts.
Hewlett-Packard Co. is preparing to name former EBay Inc. Chief Executive Officer Meg Whitman as its next CEO today, ousting Leo Apotheker after less than 11 months, according to two people with knowledge of the matter.