U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus.
Schlumberger Ltd., the largest oilfield-services provider, jumped 3.7 percent after reporting earnings and saying falling crude prices won’t have a significant impact on its business. Morgan Stanley added 2.1 percent as third-quarter profit almost doubled. Urban Outfitters Inc. sank 14 percent after the retailer said a sales slump has persisted as it heads into the holiday shopping season.
