U.S. stocks rose, sending the Dow Jones Industrial Average to its highest level since December 2007, on stronger-than-forecast growth in manufacturing.
All 10 groups in the Standard & Poor’s 500 Index advanced. Freeport-McMoRan Copper & Gold Inc. and Alpha Natural Resources Inc. added more than 1.7 percent, pacing gains among commodity shares. Financial companies rose as Bank of America Corp. and Morgan Stanley climbed at least 0.9 percent. Avon Products Inc. jumped 17 percent after Coty Inc. sought to acquire the door-to-door cosmetics seller.
