U.S. Stocks Rise on Earnings Reports, Europe Optimism
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U.S. stocks rose, snapping a two-day decline for the Standard & Poor’s 500 Index, as profits from companies including Microsoft Corp. and General Electric Co. beat estimates and German business confidence improved.
Equities pared gains as Apple Inc. slid 2.5 percent, extending its loss since April 9 to 9.9 percent. Microsoft, the largest software maker, rose 4.6 percent. GE jumped 1.2 percent as profit gains at the energy business outpaced finance for the first time in two years. McDonald’s Corp. added 0.7 percent amid higher-than-estimated earnings. Bank of America Corp. tumbled