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U.S. Stocks Rise as Confidence Gains Amid Stimulus Bets

U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.

Apple Inc. climbed 2.9 percent as the iPhone maker sold $17 billion of bonds in the biggest U.S. corporate offering on record. Avon Products Inc. gained 4.1 percent after earnings topped analysts’ forecasts. Pfizer Inc. dropped 4.5 percent as the world’s biggest drugmaker reported earnings that fell short of analysts’ projections. Newmont Mining Corp. lost 4.6 percent as the biggest U.S. gold producer reported profit that missed estimates.