U.S. stocks advanced, sending the Standard & Poor’s 500
Index toward a second weekly rally, amid speculation global central banks will
take steps to boost economies as investors awaited Greek elections this
weekend, the good people at Bloomberg report.
Nine of 10 S&P 500 groups rose as commodity and
technology shares had the biggest gains. Microsoft Corp. and Dow Chemical climbed at least 2 percent. Intercontinental
Exchange Inc. jumped 4 percent as Hong Kong Exchanges & Clearing Ltd. agreed
buy the London Metal Exchange. Navistar International Corp. soared 8.1 percent
as MHR Fund Management LLC disclosed a 13.6 percent stake in the truckmaker.
Facebook rose 2.1 percent and was poised
for the first weekly gain since it went public.
The S&P 500 rose 0.5 percent to 1,335.60 at 12:32 p.m.
New York time. The Dow Jones Industrial Average added 52.86 points, or 0.4
percent, to 12,704.77 today. Trading in S&P 500 companies was up 7.6
percent from the 30-day average at this time of day…..
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