U.S. Stocks Rise as S&P 500 Extends Record Amid Jobs Data
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U.S. stocks rose a fourth day, with the Standard & Poor’s 500 Index extending a record, as data showing companies added to payrolls last month fueled optimism on growth in the economy.
Intuitive Surgical Inc. rose 5 percent to a 14-month high after JMP Securities LLC upgraded the stock’s rating. MannKind Corp. jumped 74 percent after its inhaled treatment for diabetes won the recommendation of a U.S. advisory panel. Apollo Education Group Inc. slipped 8.8 percent after it received a subpoena from the Education Department for marketing and recruitment records.