Economics
S&P 500 Index Rises to Record Amid Mixed Data on Housing, Jobs
El-Erian: Fed Feels U.S. Economy Is OK, Not Great
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U.S. stocks advanced, with the Standard & Poor’s 500 Index rising to an all-time high, amid better-than-forecast results from Salesforce.com Inc. and Best Buy Co. while gauges on the strength of economic growth were mixed.
Best Buy and Salesforce surged 3.9 percent. Energy shares rallied with oil and Transocean Ltd. gained after reaching a settlement from BP Plc on issues related to the 2010 disaster in the Gulf of Mexico. CVS Health Corp. added 2.4 percent after saying it will acquire the nursing-home pharmacy Omnicare Inc. NetApp Inc. tumbled 10 percent after forecasting sales that missed analysts’ projections.