S&P 500 Has Best 3-Day Rally Since January on Economy

U.S. stocks rose, sending the Standard & Poor’s 500 Index to its biggest three-day rally since January, on better-than-estimated economic data and assurances on stimulus efforts from Federal Reserve officials.

Nine of 10 industries in the S&P 500 advanced. JPMorgan Chase & Co. and Citigroup Inc. gained more than 1.2 percent as financial companies rallied. An S&P index that tracks homebuilders surged 2.9 percent as D.R. Horton Inc. and Lennar Corp. increased at least 3.8 percent. Time Warner Cable Inc. jumped 4.4 percent as billionaire John Malone was said to be exploring scenarios for how Charter Communications Inc. could acquire the company.