(Bloomberg) -- U.S. stocks advanced, erasing losses from a February sell-off in the Standard & Poor's 500 Index, after profits exceeded analysts' forecasts and investors speculated takeovers will accelerate.
Alcoa Inc., the first Dow Jones Industrial Average member to report first-quarter results, climbed after earnings increased more than expected. MedImmune Inc. and Manor Care Inc. rose the most in the S&P 500, helping the index to its first back-to-back weekly gains since January, after saying they may sell themselves.
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment