Pursuits
S&P 500 Jumps 2nd Day as Energy Rally Expands to Broader Market
We're Not Favoring Energy Stocks: S&P's Rosenbluth
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U.S. stocks rallied for a second day, rebounding from the biggest monthly drop in a year for the Standard & Poor’s 500 Index, as a surge in energy stocks spread to the broader market.
Exxon Mobil Corp. and Chevron Corp. climbed at least 3 percent as Brent crude entered a bull market. Freeport-McMoRan Inc. rose 8.8 percent as commodities had the biggest three-day advance since 2012. General Motors Co. and Ford Motor Co. jumped after sales exceeded analysts’ estimates as cheaper gas and falling unemployment boosted consumer confidence.