Economics
U.S. Stocks Rise on Better-Than-Forecast Manufacturing
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U.S. stocks rose, following the biggest weekly decline since June in the Standard & Poor’s 500 Index, after a measure of manufacturing beat economists’ forecasts and concern about Europe’s debt crisis eased.
Equities pared gains as Apple Inc., the world’s most valuable company, reversed an earlier advance. International Business Machines Corp. climbed 1.5 percent to a record. Goldman Sachs Group Inc. increased 2.8 percent after a report said the stock will rise as much as 25 percent within a year. Ceradyne Inc. jumped 43 percent after 3M Co. agreed to buy the company for $860 million to expand its energy unit.