S&P 500 Rebounds Toward Record on Housing, Orders Data
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The Standard & Poor’s 500 Index rebounded to within two points of its record after orders for U.S. durable goods climbed more than forecast in February and home prices increased the most since June 2006.
Monsanto Co. jumped 4.4 percent as the company and DuPont Co. agreed to dismiss their respective antitrust and soybean patent lawsuits. Netflix climbed 5.4 percent after Pacific Crest Securities LLC raised its price target on the company. Boeing Co. added 2.1 percent after an appeals court upheld the dismissal of a lawsuit. Apparel retailers retreated, as Gap Inc. and Macy’s Inc. lost more than 0.9 percent.