Economics
U.S. Stocks Rise as Boehner Says He’ll Keep Working With Obama
This article is for subscribers only.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its biggest drop in five weeks, as House Speaker John Boehner said he expects to keep working on a budget plan with President Barack Obama.
NYSE Euronext rose a record 34 percent as IntercontinentalExchange Inc. agreed to buy the company for $8.2 billion. Accenture Plc slid 2 percent after revenue from technology consulting fell 3.6 percent from a year earlier. Merck & Co. slipped 3.4 percent after saying it won’t seek U.S. marketing approval for a cholesterol drug. Financial stocks rose the most in the S&P 500, leading gains in all 10 groups.