Economics
U.S. Stocks Rise as Technology Shares Rally Amid Data
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U.S. stocks rose, extending a third monthly gain for the Standard & Poor’s 500 Index, as Hewlett-Packard Co. led a technology rally while data on employment and consumer confidence boosted optimism in the economy.
Hewlett-Packard jumped 9.1 percent after the maker of personal computers posted revenue and profit that topped analysts’ estimates. Marathon Petroleum Corp. and Valero Energy Corp. rose at least 3.4 percent, leading a rally among refiners. Schlumberger Ltd. and Noble Energy Inc. fell at least 1.7 percent as crude slid to the lowest level in almost six months.