U.S. Stocks Rise as Boehner Talks With Obama Were ’Constructive’

U.S. stocks rose, erasing earlier losses, as House Speaker John Boehner said he had “constructive” talks with President Barack Obama about he budget and would accept government revenue increases coupled with spending cuts.

The Standard & Poor’s 500 Index added 0.3 percent at 1,356.73 at 11:53 a.m. in New York after earlier sliding as much as 0.7 percent.

To contact the reporter on this story: Michael P. Regan in New York at mregan12@bloomberg.net

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

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