Pursuits
S&P 500 Approaches Four-Year High as Apple Climbs to Record
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U.S. stocks rose, with the Standard & Poor’s 500 Index approaching a four-year high, amid better-than-estimated data on consumer confidence and leading indicators and as Apple Inc. climbed to a record.
Apple rose 1.9 percent, surpassing $600 billion in market value, after Jefferies & Co. said the company had started production of the iPad mini, a smaller version of its popular tablet. Gap Inc. and J.M. Smucker Co. added at least 4.8 percent as earnings topped estimates. Marvell Technology Group Ltd. lost 14 percent after predicting profit that fell short of forecasts.