It took 51 years for General Motors Co. to go from the largest company on the Standard & Poor’s 500 Index to being dropped after its bankruptcy last year. The automaker may need at least another year until it returns.
Facebook Inc.’s fourth straight quarter of positive net income settles one of the final conditions for the 29th-biggest U.S. stock to join the benchmark Standard & Poor’s 500 Index 17 months after its trading debut.
U.S. stocks and Treasury bonds rose as a report showed the economy expanded in the third quarter at a faster rate than previously estimated. Chinese shares posted their longest slump since 1994 as money rates surged.
U.S. stocks gained, giving the Standard & Poor’s 500 Index its biggest three-day advance since February, after better-than-estimated housing data overshadowed disappointing earnings at United Parcel Service Inc.