Economics
U.S. Stocks Rise as S&P 500 Posts Second-Best Start Since 2006
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U.S. stocks rose this week, sending the Standard & Poor’s 500 Index to its second-best start of a year since 2006, as reports on manufacturing from America to China bolstered optimism about the global economy.
Equities fell on the last day of the week after growth in U.S. jobs failed to lift the S&P 500 above its October high. Bank of America Corp. and Microsoft Corp. jumped more than 8.3 percent to lead advances in the Dow Jones Industrial Average during the holiday-shortened week. Netflix Inc. soared 25 percent after reporting online viewing that surpassed an estimate from BTIG LLC. Sears Holdings Corp. and AutoNation Inc. fell more than 8.1 percent to pace declines among retailers.