Pursuits
U.S. Stocks Climb Amid Optimism Over Budget Negotiations
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U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, amid investor optimism that lawmakers will reach a resolution in federal budget negotiations.
All 10 groups in the S&P 500 rose as commodity producers rallied. Apple Inc. and Advanced Micro Devices Inc. led an advance in technology stocks. Kroger Co. jumped 4.8 percent after boosting its profit projection for the year. Walt Disney Co., the world’s largest entertainment company, added 1.1 percent after raising its dividend. Tiffany & Co. tumbled 6.2 percent after cutting its profit forecast. Kohl’s Corp. plunged 12 percent after reporting disappointing sales for November.