Pursuits
S&P 500 Rebounds From Biggest Drop in ’12 on Jobs Data
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U.S. stocks advanced, following the biggest decline in 2012 for the Standard & Poor’s 500 Index, after a private report showed American companies increased hiring and more investors signed on to a Greek debt swap.
Equities extended gains on a report that the Federal Reserve is discussing a new type of bond-buying program. Financial and industrial shares rose the most among 10 groups in the S&P 500. Bank of America Corp. and Caterpillar Inc. advanced at least 2.2 percent. Apple Inc. added 0.1 percent after introducing a new version of the iPad with a sharper screen.