U.S. Stocks Advance Amid Optimism on Ukraine, Iraq Crises
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U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back gains in two weeks, on optimism that tension between Russia and Ukraine will ease and American airstrikes will push back militants in Iraq.
MannKind Corp. advanced 4.9 percent after Sanofi agreed to pay the drugmaker as much as $925 million for rights to the world’s only available inhaled insulin. Kinder Morgan Inc. rallied 9 percent after announcing plans to consolidate its energy businesses. Priceline Group Inc. rose 2.2 percent after reporting better-than-forecast second-quarter bookings. Dean Foods Co. fell 3.9 percent after withdrawing its full-year profit forecast amid a volatile dairy market.