Economics
U.S. Stocks Rise as Apple Rebounds Amid Budget Talks
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U.S. stocks rose for a second day as Apple Inc. rebounded from its biggest drop in four years and investors weighed prospects for a budget deal in Washington.
Apple advanced 1.6 percent, reversing an earlier loss. Akamai Technologies Inc. increased 10 percent after agreeing to sell services with AT&T Inc. H&R Block Inc., the biggest U.S. tax preparer, advanced 5.1 percent after reporting a loss that was smaller than analysts estimated. Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, and MetLife Inc., the biggest U.S. life insurer, declined at least 1.2 percent following analysts’ rating downgrades.