U.S. stocks rose for the week, giving the Dow Jones Industrial Average its biggest gain in three months, as the Federal Reserve said it will reduce the pace of bond buying amid faster-than-estimated economic growth.
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.
The race to construct an online insurance exchange by Oct. 1 spurred the Obama administration to use an expedited bidding system that limited its choice of a builder to just four companies, including CGI Group Inc.
Google Inc., Red Hat Inc., Oracle Corp. and other technology companies are contributing dozens of computer engineers and programmers to help the Obama administration fix the U.S. health-insurance exchange website.