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U.S. Stocks Extend Gain as France Said to Press Spain

U.S. stocks extended gains after a report that France was pressing Spain to seek European bailout funds.

The Standard & Poor’s 500 Index increased 0.3 percent to 1,437.74 at 11:22 a.m. in New York and the Dow Jones Industrial Average added 41 points.

France is pressing Spain to snub German concerns and request help from the European Union to contain the euro-area financial crisis, Bloomberg News reported, according to three people familiar with negotiations.

Download: El-Erian Says Fed Will Extend Forward Guidance


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