Economics
S&P 500 Rallies to Record After Japan Boosts Stimulus Efforts
This article is for subscribers only.
U.S. stocks jumped, sending benchmark indexes to records, as an unexpected boost in stimulus from the Bank of Japan spurred optimism in the global economy.
Energy companies led gains, with Exxon Mobil Corp. and Chevron Corp. each rising 2.4 percent. LinkedIn Corp. soared 13 percent after third-quarter sales exceeded estimates. GoPro Inc. jumped 13 percent after its prediction for fourth-quarter profit surpassed analysts’ projections. Starbucks Corp. fell 2.3 percent after posting disappointing quarterly revenue.