U.S. Stocks Advance on Better-Than-Estimated Earnings
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U.S. stocks rose, following five-year highs for the benchmark indexes last week, after better-than-forecast earnings from companies including Travelers Cos. and Freeport-McMoRan Copper & Gold Inc.
Travelers rose 2.2 percent after fourth-quarter profit beat estimates. Freeport-McMoRan rallied 4.6 percent as copper sales rose more than anticipated and costs fell. DuPont Co. advanced 1.8 percent after fourth-quarter profit beat estimates as demand climbed for plastics used in autos. Google Inc. jumped 4.8 percent after the close of regular trading as it posted higher fourth-quarter earnings.