Deals
U.S. Stocks Cap Longest Weekly Gain Since August on Jobs Data
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U.S. stocks rose a third week, giving the Standard & Poor’s 500 Index its longest winning streak since August, as employment growth topped forecasts and investors weighed prospects for a budget agreement in Washington.
Citigroup Inc. surged 8.9 percent on plans to cut more than 11,000 jobs and scale back in some emerging markets to drive down costs. Netflix Inc. jumped 5.2 percent after the online video service signed a multi-year agreement with Walt Disney Co. Apple Inc. sank 8.9 percent, the most since 2010, on concern the company will lose ground in smartphones to Nokia Oyj in China and give up market share to Google Inc. in tablets.