U.S. Stocks Advance Before Housing Report; Wendy's, Apple Shares Climb

(Bloomberg) -- U.S. stocks gained for a second day
on takeover speculation and expectations that a home-sales
report will show the housing slump is abating.

Wendy's International Inc., the third-biggest U.S.
hamburger chain, advanced after billionaire investor Nelson
Peltz said he is considering a bid for the company. Apple Inc.
rose after Goldman, Sachs & Co. said the iPhone sold twice as
fast as it forecast over the weekend.


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