U.S. Stocks Rise as Bullard Says Stimulus Should Continue

U.S. stocks rose, sending benchmark indexes to records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should continue its bond buying to boost growth.

Home Depot Inc. jumped 2.5 percent after raising its earnings forecast as the housing rebound spurs renovation spending. JPMorgan Chase & Co. rose 1.4 percent as Jamie Dimon survived a campaign to split his chairman and chief executive officer titles. Apple Inc. fell 0.7 percent as the company faced a Senate panel that yesterday released a report saying the iPhone maker used loopholes to avoid paying taxes.