Pursuits
S&P 500 Rises to Highest Since September on Debt-Talk Optimism
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since September, on speculation lawmakers were making progress toward an agreement on raising the debt limit to avoid a default.
Johnson & Johnson advanced 1.9 percent as Goldman Sachs Group Inc. boosted the stock’s rating. An index of homebuilders climbed 2 percent amid analyst upgrades. Cognizant Technology Solutions Corp. climbed 5.5 percent after Infosys Ltd. raised its revenue forecast. Gap Inc. dropped 6.7 percent as its September sales missed analysts’ estimates.