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U.S. Stocks Extend Records on Earnings, Economy Optimism

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U.S. stocks advanced, with the Standard & Poor’s 500 Index extending an all-time high, as investors watched corporate results and speculated the economy is strong enough to withstand a global slowdown.

Dean Foods Co. rallied 14 percent after reporting profit that topped forecasts. Toll Brothers Inc. climbed 2.3 percent to lead homebuilders higher after saying it expects to report sales that beat analysts’ estimates. Time Warner Cable Inc. and Comcast Corp. dropped at least 4 percent after President Barack Obama called for rules protecting an open Internet. Dendreon Corp. sank 81 percent after the maker of a prostate-cancer drug filed for bankruptcy.