Economics
U.S. Stocks Rise for Week on Economy Amid Syria Concern
This article is for subscribers only.
U.S. stocks rose for the week, rebounding from the biggest monthly loss since May 2012, as data showed signs of economic growth and investors weighed prospects for central bank stimulus cuts amid tensions over Syria.
Ford Co. and General Motors Co. climbed more than 5 percent as automakers’ August vehicle sales reached the highest level since May 2007. J.C. Penney Co. surged 14 percent as two hedge funds raised their stakes in the struggling retailer. Microsoft Corp. fell 6.7 percent after agreeing to buy Nokia Oyj’s handset business for $7.2 billion.