U.S.
stocks advanced, pushing the Standard & Poor��s 500 Index to near a
record, as earnings from Apple Inc. to Facebook Inc. and Caterpillar
Inc. topped estimates.
Apple
jumped 8.2 percent after after selling more iPhones than analysts
predicted. Facebook gained 3.2 percent after net income almost tripled
on of a surge in mobile-advertising revenue. Caterpillar Inc. added 2.6
percent after raising its forecast for 2014 profit target.
The
S&P 500 climbed 0.4 percent to 1,882.20 at 9:31 a.m. in New York,
leaving it eight points below its all-time high set on April 2. The Dow
Jones Industrial Average gained 18.44 points, or 0.1 percent, to
16,520.09. The Nasdaq 100 Index, which includes Apple and Facebook,
climbed 1.5 percent.
The
S&P 500 fell 0.2 percent yesterday, snapping a six-day rally, as
companies including Amgen Inc. reported worse-than-estimated results and
sales of new houses unexpectedly dropped.
Source : Bloomberg
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