U.S. stocks rose, as the Standard & Poor’s 500 Index rebounded from a three-day slump, after Sears Holdings Corp.’s profit forecast and Lennar Corp.’s earnings beat estimates, while higher oil prices boosted energy shares.
Sears, the largest U.S. department-store chain, and homebuilder Lennar climbed at least 6.3 percent. Apollo Group Inc., whose earnings also exceeded estimates, jumped 13 percent. Chevron Corp. and Schlumberger Ltd. gained more than 1.5 percent as oil rose to a one-week high. Bank of America Corp. advanced 2 percent after Morgan Stanley recommended the lender.