Stocks Rebound as S&P 500 Climbs for 3rd Day on Earnings
This article is for subscribers only.
U.S. stocks rallied for a third day as optimism over corporate earnings spurred a rebound from last week’s selloff.
Apple Inc., which rose 2.1 percent during regular trading, gained after exchanges closed on higher-than-forecast sales. Hasbro Inc. climbed 4.9 percent after reporting profit that beat estimates. Sears Holdings Corp. surged 23 percent after saying it plans to raise capital. International Business Machines Corp. slid 7.1 percent, closing at the lowest price since 2011, after abandoning an earnings forecast for 2015.