U.S. Stocks Rebound on German Confidence, Earnings Data
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U.S. stocks rebounded from the worst slump since November as German business confidence jumped to a 10-month high and earnings from Hewlett-Packard Co. and American International Group Inc. topped estimates.
Hewlett-Packard advanced 12 percent, the most in the S&P 500, after it forecast profit that exceeded analysts’ estimates. AIG climbed 3.1 percent as fourth-quarter results beat forecasts. Texas Instruments Inc. rose 5.2 percent after increasing its quarterly dividend and adding $5 billion to its stock repurchase program.