U.S. Stocks Advance Amid Better-Than-Estimated Reports
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U.S. stocks gained, following the biggest decline in benchmark indexes since November, amid better-than-estimated housing and consumer confidence data.
PulteGroup Inc. and KB Home jumped at least 5.7 percent to pace gains among homebuilders. Home Depot Inc. rallied 5.7 percent as it raised its dividend and approved a $17 billion share buyback after profit beat analysts’ estimates. Macy’s Inc., the second-largest U.S. department-store chain, gained 2.8 percent after forecasting earnings that beat projections.