Pursuits
U.S. Stocks Rise Amid Optimism on Europe Efforts to Fight Crisis
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U.S. stocks rose, sending the Dow Jones Industrial Average to the highest level since October, amid optimism that European leaders will announce further efforts to halt the debt crisis at a summit this week.
JPMorgan Chase & Co. and Bank of America Corp. rose at least 1.9 percent to lead gains in the Dow. Financial shares increased the most among groups in the Standard & Poor’s 500 Index, rallying 1.2 percent after an earlier loss. Caterpillar Inc. dropped 1.1 percent, pacing declines among industrial companies, while Peabody Energy Corp. fell 3.4 percent after Goldman Sachs Group Inc. cut its ratings on coal producers.