U.S. Stocks Rise as GDP Report Fuels Fed Stimulus Bets

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, as China’s cash crunch eased and slower-than-forecast economic growth fueled speculation the Federal Reserve will maintain stimulus.

Citigroup Inc. and Bank of America Corp. rose at least 0.7 percent as financial stocks rallied. Boeing Co. and Microsoft Corp. jumped more than 2 percent to pace gains in the the Dow Jones Industrial Average. Barrick Gold Corp. and Newmont Mining Corp. fell more than 5.9 percent, leading a selloff in precious-metal producers as gold and silver slumped to 34-month lows.