Pursuits
U.S. Stocks Advance Amid Speculation Over Fed Decision
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U.S. stocks rose, after yesterday’s drop in the Standard & Poor’s 500 Index, amid speculation the Federal Reserve will act to stimulate the economy.
Alcoa Inc. and Caterpillar Inc. climbed at least 1.7 percent, pacing gains among the biggest companies. Eight out of 10 groups in the S&P 500 rose. Morgan Stanley jumped 3.9 percent after saying it will purchase the rest of its brokerage joint venture from Citigroup Inc. Ralph Lauren Corp. led declines among luxury goods companies as Burberry Group Plc said profit will be at the lower end of estimates