Skip to content
Subscriber Only

U.S. Stocks Advance Following Biggest Drop Since 2011

U.S. stocks advanced, rebounding following the Standard & Poor’s 500 Index’s biggest drop since November 2011 after Federal Reserve Chairman Ben S. Bernanke said the central bank may phase out stimulus.

Consumer-staples, utility and health-care shares rose the most out of 10 S&P 500 groups, while technology and raw-material companies retreated. Procter & Gamble Co. and Coca-Cola Co. gained at least 1.6 percent, pacing advances among the largest U.S. companies. Oracle Corp. tumbled 9.3 percent after reporting a second straight quarter of sales that missed estimates.