Pursuits
Most U.S. Stocks Rise as Markets Reopen After Hurricane Sandy
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Most U.S. stocks rose, with the Standard & Poor’s 500 Index reversing an earlier loss, as equity markets in the world’s largest economy reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888.
Home Depot Inc. and Lowe’s Cos. added at least 2.2 percent amid speculation the home-improvement retailers would be helped by spending related to the storm. General Motors Co. rallied 9.5 percent after reporting third-quarter profit that surpassed analysts’ estimates. Apple Inc. dropped 1.4 percent after Chief Executive Officer Tim Cook embarked on a sweeping management overhaul at the world’s most valuable company.