Pursuits
U.S. Stocks Advance as Consumer Confidence Exceeds Estimates
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U.S. stocks rose, after the biggest gain in a month for the Standard & Poor’s 500 Index, as consumer confidence increased by the most since 2003 and European finance ministers discussed efforts to tame the debt crisis.
Exxon Mobil Corp. added 1.4 percent, pacing an advance in energy shares, as oil rallied. Yahoo! Inc. jumped 2.3 percent as Thomas H. Lee Partners is said to be considering a bid. Hewlett-Packard Co. gained 1.4 percent after RBC Capital Markets raised its rating for the shares. Gauges of technology and financial stocks in the S&P 500 fell. Bank of America Corp. sank 3.2 percent. AMR Corp. lost 84 percent after filing for bankruptcy.