Economics
U.S. Stocks Advance on Economic Optimism Amid Stimulus
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U.S. stocks advanced, as the Standard & Poor’s 500 Index rallied for a third straight week, on optimism that the U.S. economy is improving amid central-bank monetary stimulus.
Gap Inc. added 5.6 percent, pacing gains with discretionary stocks after forecasting profit that topped estimates. Nvidia Corp. rose 4.5 percent as fiscal first-quarter sales and earnings exceeded projections. Priceline.com Inc. increased 3.8 percent to its highest in 14 years after reporting better-than-forecast results. Apple Inc., the world’s most valuable company, lost 0.8 percent.