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.
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.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman forecast 2013 profit that missed estimates and said a turnaround at the computer maker won’t happen any time soon, sending shares to the lowest price in a decade.
Tyco Electronics Ltd. , the world’s biggest maker of electronic connectors, agreed to buy ADC Telecommunications Inc. for about $1.25 billion to add broadband equipment that helps companies connect to the Internet.
Foxconn Technology Group, the maker of products including Apple Inc.’s iPhone, said it was freezing hiring at factories in China, fueling concern about a slowdown in consumer-electronics demand and prompting Apple to fall.