Pursuits
U.S. Stocks Advance Amid Speculation of More Economic Stimulus
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U.S. stocks advanced, rebounding from yesterday’s decline, amid speculation the Federal Reserve will take steps to stimulate the economy and after the European Central Bank endorsed a plan to guarantee bank deposits.
All 10 groups in the Standard & Poor’s 500 Index rose as commodity, financial and industrial shares had the biggest gains. Boeing Co. jumped 3.5 percent as Sanford C. Bernstein & Co. raised its recommendation. Textron Inc. rallied 4 percent as Warren Buffett’s Berkshire Hathaway Inc. agreed to buy planes from the company. First Solar Inc. surged 21 percent after delaying the close of a German plant to meet European demand.