U.S. Stocks Rise Amid German Bailout Ruling, Fed Stimulus Bets
This article is for subscribers only.
U.S. stocks rose, with benchmark indexes trading near four-year highs, as a German court cleared the way for Europe’s bailout fund and investors weighed prospects for stimulus measures from the Federal Reserve.
Apple Inc. rallied 1.4 percent, reversing an earlier decline, after introducing the iPhone 5. General Electric Co. and JPMorgan Chase & Co. added at least 0.8 percent, pacing gains among the biggest companies. PulteGroup Inc. advanced 6 percent as homebuilders rallied. Facebook Inc. climbed 7.7 percent after Chief Executive Officer Mark Zuckerberg said he’s addressing missteps that made it hard to reap the benefits of mobile advertising.