U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back gain in more than three weeks, on optimism over earnings and as commodities gained amid a report showing China’s inflation slowed.
Stocks rose for a second day and industrial metals rallied as slower-than-forecast Chinese inflation eased pressure on policy makers to tighten credit. The yen rebounded after a three-day slump took it to the weakest level since 2009 while the dollar weakened versus most peers.
U.S. stocks rose for the week as better-than-estimated economic data triggered a three-day rally, before gains were trimmed in the final two sessions amid worse- than-forecast results at Google Inc. and Microsoft Corp.
U.S. stocks tumbled, sending benchmark indexes down the most since February, as credit-rating downgrades of Greece and Portugal spurred concern Europe’s debt crisis will derail the global economic recovery.
Stocks rallied, sending the MSCI World Index to a 12-week high, amid speculation slower jobs growth will prompt the Federal Reserve to say it’s prepared to combat further weakening in U.S. growth. The euro weakened and copper rose.
U.S. stocks rose this week, with the Standard & Poor’s 500 Index completing the biggest first- quarter rally since 1998, after Federal Reserve Chairman Ben S. Bernanke said he will keep stimulating the economy and Europe agreed to increase rescue funds.
U.S. stocks rose this week, driving the Standard & Poor’s 500 Index to its longest winning streak since February, amid optimism Europe’s leaders will announce a plan to contain the debt crisis and after McDonald’s Corp. joined companies beating profit estimates.
The rally that erased the Dow Jones Industrial Average’s 2010 loss yesterday and carried the Standard & Poor’s 500 Index above its 200-day average spurred optimism among chart analysts and investors who track earnings.
U.S. stocks fell, with declines in energy and banking shares wiping out early gains, as the cost to protect against default by BP Plc rose to a record amid concern over the fallout from the Gulf of Mexico oil spill.
L-3 Communications Holdings Inc., whose biggest investor is pushing for the defense company to dispose of underperforming assets, may extract as much as $2.2 billion more for shareholders in a takeover than a breakup.