Bloomberg (27/6)--U.S. stocks rose,
sending the Standard & Poor’s 500 Index (SPX) higher for a second
day, as China’s cash crunch eased and slower-than-forecast economic
growth fueled speculation the Federal Reserve will maintain stimulus.
Citigroup
Inc. and Bank of America Corp. advanced at least 0.5 percent to lead
financial stocks higher. Boeing Co. and UnitedHealth Group Inc. jumped
more than 1.9 percent to lead gains in the the Dow Jones Industrial
Average. Barrick Gold Corp. and Newmont Mining Corp. fell more than 4.9
percent, leading a selloff in precious-metal producers as gold and
silver slumped to 34-month lows.
The S&P 500 increased 0.8
percent to 1,599.94 at 12:16 p.m. in New York, after the equity
benchmark rebounded yesterday from a nine-week low. The Dow climbed
107.13 points, or 0.7 percent, to 14,867.44 today. Trading of S&P
500 companies was 5.6 percent below the 30-day average at this time of
day.
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