Economics
U.S. Stocks Erase Losses as Investors Weigh Profits, Data
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U.S. stocks rose, with the Standard & Poor’s 500 Index erasing losses in the final 30 minutes of trading, as investors weighed corporate earnings and consumer confidence before central-bank meetings next week.
Starbucks Corp. jumped 7.6 percent after reporting profit that beat estimates. Amazon.com Inc. advanced 2.8 percent as Oppenheimer & Co. lifted its stock-price projection. Expedia Inc. sank 27 percent on disappointing sales and profit. Zynga Inc. plunged 14 percent after abandoning plans to enter online gambling and forecasting earnings that fell short of estimates.