U.S. Stocks Rise After Two-Day Drop, Led by Monsanto, CBS
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U.S. stocks rose for the first time in three days as investors speculated the economy is recovering from a first-quarter contraction and Monsanto Co. announced a $10 billion stock buyback plan.
Monsanto, the largest seed company, rallied 5.1 percent. CBS Corp. jumped 6.2 percent after the U.S. Supreme Court ruled that Aereo Inc. is violating broadcaster rights. Oil refiners such as Valero Energy Corp. and Marathon Petroleum Corp fell after the U.S. Commerce Department opened the door to more crude exports.