Economics
S&P 500 Caps Best Eight-Day Gain Since 2009 on Economy Optimism
This article is for subscribers only.
U.S. stocks rose, capping the best eight-day gain since 2009 for the Standard & Poor’s 500 Index, as speculation the economy will keep expanding overshadowed a tumble in AT&T Inc. following a government antitrust lawsuit.
Ford Motor Co. and Alcoa Inc. gained at least 2.3 percent as companies most-tied to economic growth rallied. Joy Global Inc. added 1.3 percent after the maker of mining equipment forecast earnings that beat analysts’ estimates. AT&T tumbled