U.S. Stocks Advance as Internet Rally Offsets Portugal
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U.S. stocks rose, paring the biggest weekly loss since April, as a rally in Amazon.com Inc. and EBay Inc. led an afternoon rebound from declines spurred by concern over financial stress in Europe.
EBay and Amazon.com increased at least 2.3 percent amid optimism in the companies’ growth potential. Wells Fargo & Co. slipped after reporting per-share earnings that did not rise for the first time in 18 quarters. Fastenal Co. sank 4.2 percent after sales fell short of analysts’ estimates. Gap Inc. declined after same-store sales unexpectedly fell. Lorillard Inc. jumped