U.S. Stocks Rise as Dow Average Caps Biggest Gain in One Month
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U.S. stocks advanced, giving the Dow Jones Industrial Average its biggest increase in a month, amid speculation that European policy makers will act to prevent the region’s debt crisis from getting worse.
Bank of America Corp. and JPMorgan Chase & Co. rose more than 4.5 percent as the European Central Bank was said to consider restarting covered-bond purchases along with further measures to ease monetary conditions. Berkshire Hathaway Inc. Class B shares added 8.6 percent as the company plans a stock buyback. Boeing Co. rallied 4.2 percent as the delivery of the 787 Dreamliner ended more than three years of delays.