Economics
U.S. Stocks Rise as Banks Gain on Europe’s Moves to Tame Crisis
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U.S. stocks rose, following the best weekly rally since 2009, as optimism that Europe will tame its debt crisis helped the market weather a late-day selloff on reports that euro-area nations' credit outlooks may be cut.
All 10 groups in the Standard & Poor’s 500 Index gained, with a gauge of financial shares adding 2.1 percent. JPMorgan Chase & Co. and Bank of America Corp. advanced at least 2.6 percent. MetLife Inc., the largest U.S. life insurer, increased