Economics
U.S. Stocks Advance as Fed Minutes Show Split Views on Rates
The Case for Bullish Stocks With a Strong Dollar
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U.S. stocks rose as minutes from the Federal Reserve’s latest meeting showed officials were split on the timing for raising interest rates.
The Nasdaq Biotechnology Index jumped 2.9 percent after Mylan NV offered to buy Perrigo Co. for $28.9 billion. Chevron Corp. and Exxon Mobil Corp. fell at least 1.7 percent as oil retreated after data showed crude inventories grew more than expected last week. Alcoa Inc. fell 3.2 percent in late trading after reporting first-quarter results.