S&P 500 Rises Near Record Amid GE Gains Before Earnings Reports
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The Standard & Poor’s 500 Index rallied to within 1 percent of its all-time high after General Electric Co. announced a broad restructuring plan and investors awaited further clues on the strength of corporate profits.
GE rose the most in six years after saying it plans to exit the majority of its finance business, and it authorized a stock buyback of as much as $50 billion. Health-care companies advanced for a sixth day. Netflix Inc. climbed more than 3.4 percent, while financial stocks lagged as insurance companies slipped.