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U.S. Stocks Rise as Optimism on Earnings Overshadows Fed

U.S. stocks rebounded from a two-day selloff as optimism over corporate earnings and jobs growth overshadowed central-bank concern that investors may be growing complacent about the economic outlook.

Alcoa Inc. jumped 5.7 percent to the highest in almost two years after kicking off earnings season with better-than-forecast results. American Airlines Group Inc. rallied 4.3 percent after raising its margin forecast. Facebook Inc. advanced 3.5 percent to pace gains among a gauge of technology shares. Bob Evans Farms Inc. slid 4.4 percent as quarterly revenue missed estimates.