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U.S. Stocks Rise on China Trade, Jobless Claims Reports

U.S. stocks rose, with the Standard & Poor’s 500 Index halting a three-day drop, as Chinese trade data topped estimates and jobless claims fell to the lowest monthly rate since before the recession.

Cliffs Natural Resources Inc. and Newmont Mining Corp. gained at least 8.7 percent as metals prices rallied. Tesla Motors Inc. surged 14 percent after reporting second-quarter results that surpassed analysts’ estimates. AT&T Inc. slid 0.8 percent as phone stocks fell the most in the benchmark index. JPMorgan Chase & Co. dropped 0.9 percent after saying it’s under federal criminal investigation for practices tied to sales of mortgage-backed bonds.