U.S. Stocks Rise to Highest Level Since 2007 on Earnings, Europe
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since November 2007, as corporate earnings topped estimates and European leaders reached a budget agreement.
Eight out of 10 groups in the S&P 500 rose as Apple Inc. and Hewlett-Packard Co. advanced at least 1.4 percent, pacing gains in technology stocks. LinkedIn Corp. surged 21 percent after the online professional-networking service provider posted earnings that beat estimates. US Airways Group dropped 2.4 percent as the boards of American Airlines parent AMR Corp. and US Air were said to be prepared to vote on a merger Monday.