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S&P 500 Rallies to Two-Month High After Factory Orders Increase
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U.S. stocks advanced, sending the Standard & Poor’s 500 Index to a two-month high, after data showed factory orders topped estimates and as speculation grew that global central banks will act to spur economic growth.
Commodity, industrial and technology shares had the biggest gains among 10 groups in the S&P 500. Alcoa Inc., Caterpillar Inc. and Apple Inc. advanced at least 1.1 percent. Ford Motor Co. rallied 2.2 percent as deliveries of cars and light trucks beat analysts’ estimates. Facebook Inc. climbed 1.4 percent as General Motors Co. is said to be talking with the largest social-networking company about resuming advertising.