U.S. stocks rose, halting the first two-day drop in the Standard & Poor’s 500 Index in three weeks, as optimism about corporate earnings offset concern that improving economic data could prompt the Federal Reserve to trim stimulus.
U.S. stocks fell, with the Standard & Poor’s 500 Index having the longest retreat in a month, as financial shares slumped and investors watched speeches from Federal Reserve officials for clues on monetary policies.
U.S. stock-index futures extended losses and Treasuries rallied after gross domestic product grew less than estimated in the second quarter, adding to concern the economic rebound is slowing as the federal government inches closer to default. Gold gained.
Apple Inc. will pay its first dividend in 17 years and buy back $10 billion in stock, heeding investors who urged it to return part of the $97.6 billion in cash amassed by robust demand for iPhones and iPads.
U.S. stocks rose, sending benchmark indexes to records, as earnings from Morgan Stanley and UnitedHealth Group Inc. beat estimates and jobless claims fell amid testimony from Federal Reserve Chairman Ben S. Bernanke.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to an intraday record, amid better- than-forecast earnings and data on jobless claims and Philadelphia-area manufacturing that bolstered optimism in the economy. Treasuries retreated while the dollar rose.