Pursuits
S&P 500 Caps Longest Rally Since March on Economic Reports
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Most U.S. stocks rose, giving the Standard & Poor’s 500 Index its longest rally since March, as data showing an unexpected decline in jobless claims last week tempered concern about a worsening of Europe’s economy.
A measure of homebuilders in S&P indexes advanced 2.3 percent as JPMorgan Chase & Co. said it saw higher demand in the industry and data showed prices for single-family homes rose in most U.S. cities last quarter. E*Trade Financial Corp. increased