S&P 500 Restores 2015 Gain as U.S. Stocks Rally Toward Year End
- Amazon rises to a record while Apple, Alphabet pace tech gains
- S&P 500 on the verge of erasing a rare December decline
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U.S. stocks rose, restoring the Standard & Poor’s 500 Index’s gain for the year and nearly erasing a monthly decline as retailers and technology shares led a rally in light trading.
Amazon.com Inc. paced gains among retailers for a second day, rising 2.8 percent to a record in post-holiday action. Google parent Alphabet Inc. rose 1.5 percent to an all-time high, and Apple Inc. climbed 1.8 percent to bolster technology shares. Pep Boys added 8.8 percent after Carl Icahn raised his takeover offer for the auto-parts chain.