Pursuits
S&P 500 Caps Fourth Weekly Advance on Jobs Growth Report
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U.S. stocks rose, capping the fourth straight weekly rally for the Standard & Poor’s 500 Index, after a government report showing stronger-than-forecast payroll growth bolstered optimism in the world’s largest economy.
Financial shares had the biggest gain among 10 groups in the S&P 500 as Greece’s private creditors agreed to a debt swap. JPMorgan Chase & Co. and BB&T Corp. added at least 1.2 percent. Lennar Corp. and D.R. Horton Inc. rallied more than 3 percent, pacing gains in homebuilders, after Credit Suisse Group AG raised its recommendations for the companies. Starbucks Corp. rose 2.9 percent on plans to introduce a new single-cup brewer.