Pursuits
U.S. Stocks Rise on Economic Reports Amid Draghi Comments
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U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a fourth day, as reports on jobless claims and factory orders were better than forecast and the European Central Bank said it stands ready to buy bonds.
All 10 industry groups in the S&P 500 advanced. Financial and commodity shares rose the most, climbing at least 1 percent, as Bank of America Corp. and Consol Energy Inc. rallied more than 3.3 percent. Gap Inc. and Target Corp. gained among retailers after monthly same-store sales topped estimates. Ryder System Inc. jumped 6 percent amid an analyst upgrade.