U.S. Stocks Rise Amid Japan Stimulus, American Home Data
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U.S. stocks rose, snapping a two-day decline in the Standard & Poor’s 500 Index, as the Bank of Japan increased its asset-purchase target and sales of existing American homes rose more than forecast.
Walt Disney Co. and Kraft Foods Inc. added more than 1 percent to lead gains in the Dow Jones Industrial Average. An S&P index of homebuilders soared 3.1 percent as PulteGroup Inc. rallied 4.3 percent. Corning Inc. gained 1.2 percent after Goldman Sachs Group Inc. advised investors to buy the stock. Energy shares sank the most among 10 groups in the S&P 500 as oil prices tumbled to a six-week low.