Economics

U.S. Stocks Rise Amid Priceline Results, Weaker ADP Payroll Data

WPP’s Sorrell Says Economies in New Mediocre for Years

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By Annelise Alexander and Oliver Renick

August 5, 2015 at 9:27 AM UTC

Updated on

August 5, 2015 at 8:48 PM UTC

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U.S. stocks rose for the first time in four days, amid better-than-estimated earnings from technology companies while services-industry data indicated the economy is on track for faster growth.

Cognizant Technology Solutions Corp. and First Solar Inc. jumped at least 6.4 percent after their profits exceeded analysts’ forecasts. Priceline Group Inc. added 5.2 percent as its earnings topped estimates. Apple Inc. climbed for the first time in six sessions. Walt Disney Co. slid 9.2 percent after its quarterly sales missed projections, and energy companies erased earlier gains along with oil.