Skip to content
Subscriber Only

U.S. Stocks Rise as Housing Starts Overshadow Intel, IBM Results

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third straight day, as a jump in housing starts overshadowed disappointing results from International Business Machines Corp. and Intel Corp.

PulteGroup Inc. and D.R. Horton Inc. jumped more than 4.2 percent as homebuilders rallied. Dean Foods Co. soared 13 percent after its WhiteWave Foods Co. filed to go public. Intel fell 2.5 percent after forecasting a fourth-quarter gross margin that missed estimates. IBM slid 4.9 percent after reporting third-quarter revenue that trailed analysts’ projections.