Economics
S&P 500 Rises on Economic Optimism as Health-Care Gains
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U.S. stocks rose, sending benchmark indexes to all-time highs, as health-care and raw-material companies rallied amid speculation the economy is strong enough to overcome a global slowdown.
Medtronic Inc. and Actavis Plc rallied more than 4.7 percent to pace gains among health-care companies. Urban Outfitters Inc. dropped 6.6 percent after the clothing retailer posted third-quarter profit that missed analyst estimates. Home Depot Inc. slipped 2.1 percent after failing to raise its forecasts for sales and profit this year amid signs the housing market is cooling.