Pursuits
S&P 500 Rises From 2-Month Low on Greece Government Talks
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The Standard & Poor’s 500 Index rose, rebounding from the lowest level in two months, as Greece attempted to form a new government and a decline in American jobless claims helped allay concern of a labor market setback.
Wells Fargo & Co. and U.S. Bancorp rose at least 1.4 percent to pace gains in banks. News Corp., the media company run by Rupert Murdoch, and Monster Beverage Corp., an energy-drink maker, rallied more than 4.8 percent as earnings beat estimates. Cisco Systems Inc. sank 10 percent as its forecasts disappointed investors. S&P 500 futures fell 0.5 percent at 5:01 p.m. as JPMorgan Chase & Co. slumped 3.8 percent after saying one of its divisions had “significant” mark-to-market losses.