Economics
U.S. Stocks Advance as Russell 2000 Reverses Amid Data
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U.S. stocks rose, after the Standard & Poor’s 500 Index had its worst day in a month yesterday, as small-cap shares reversed declines amid a faster-than-forecast gain in the pace of home construction.
The Dow Jones Internet Composite Index jumped 0.5 percent after earlier falling 0.7 percent. Nordstrom Inc. jumped 15 percent as the luxury department-store chain reported quarterly results that exceeded estimates. Verizon Communications Inc. added 2.3 percent as Warren Buffett’s Berkshire Hathaway Inc. disclosed a stake. Chesapeake Energy Corp. sank the most in the S&P 500 after saying it will cut half its workforce.