Most U.S. Stocks Rise as Greece Optimism Tempers Spain Concern
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Most U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a third day, as optimism about Greece’s attempts to form a coalition government tempered concern about a surge in Spanish bond yields.
Apple Inc., the world’s most valuable company, added 2 percent to pace gains in technology shares. D.R. Horton Inc. and Lennar Corp. climbed at least 3.9 percent as confidence among homebuilders rose to a five-year high. Facebook Inc. rallied 4.7 percent in the one-month anniversary of its initial public offering. Energy and financial shares in the S&P 500 declined.