U.S. stocks rose, rebounding from an earlier loss, as lower-than-estimated claims for unemployment benefits and a vote by German lawmakers to expand a European bailout fund helped offset losses by technology and consumer companies. Greek bonds surged and the euro rose.
The Standard & Poor’s 500 Index rose 0.8 percent to 1,160.40 at 4 p.m. New York time, recovering from a 1 percent decline earlier. The Nasdaq Composite Index tumbled 0.4 percent as Apple Inc. declined 1.6 percent, falling for a fourth straight day. The Stoxx Europe 600 Index advanced 0.7 percent as banks rallied. The Greek two-year yield tumbled 453 basis points to 65.24 percent. Natural gas slid 1.4 percent as the U.S. reported a rise in supplies, while oil climbed.