S&P 500 Extends Gain After Last Week’s Index Milestones

The Standard & Poor’s 500 Index rose, approaching a third straight yearly advance and extending gains after equity gauges climbed past milestones last week.

Gilead Sciences Inc. increased 3.7 percent as biotechnology shares rebounded for a third day. Energy companies rose despite a drop in crude prices. Losses in Microsoft Corp., Intel Corp. and International Business Machines Corp. weighed down the Dow Jones Industrial Average.