U.S. Stocks Rise as Amazon Rallies, Portugal Bonds Climb
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U.S. stocks rose, paring the biggest weekly loss since April for the Standard & Poor’s 500 Index, as a rally in Amazon.com Inc. and EBay Inc. and deal activity overshadowed concern over financial stress in Europe. Portuguese bonds advanced while oil slumped.
The S&P 500 rose 0.1 percent to 1,967.57 at 4 p.m. in New York, reversing an earlier intraday drop of 0.3 percent. The Nasdaq Composite Index climbed 0.4 percent as Amazon.com jumped