Economics

U.S. Stocks Rise on Speculation About Obama’s Job Growth Plan

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U.S. stocks rose, giving the Standard & Poor’s 500 Index its biggest rally in two weeks, as investors speculated President Barack Obama’s plan to inject more than $300 billion into the economy will bolster growth.

All 10 groups in the S&P 500 advanced as gains were led by financial, energy and industrial shares. Bank of America Corp. added 7 percent after a shakeup in management. Yahoo! Inc. climbed 5.4 percent as the most-visited U.S. Web portal ousted Chief Executive Officer Carol Bartz and announced a strategic review to boost growth. Nvidia Corp. jumped 8.1 percent as the maker of graphics chips forecast sales that beat estimates.