Economics
U.S. Stocks Climb to Record Levels Amid Economic Optimism
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U.S. stocks rose, with benchmark indexes closing at all-time highs, amid optimism the economy is showing sufficient strength to weather a slowdown overseas.
Phone companies led gains, while technology stocks rose as Hewlett-Packard Co. advanced to the highest level since May 2011 even after missing analyst earnings estimates. Energy producers decreased as Seadrill Ltd. suspended dividends amid the lowest oil prices in more than four years.