S&P 500 Gains for Third Day on Earnings, Economic Data
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U.S. stocks rose, with the Standard & Poor’s 500 Index capping its best three-day rally in two months, as Yahoo! Inc. earnings topped estimates and industrial production gained more than forecast.
Yahoo jumped 6.3 percent after sales surged at Alibaba Group Holding Ltd., where it holds a stake. Bank of America Corp. retreated 1.6 percent after reporting a quarterly loss. Google Inc. sank 5.7 percent in extended trading after the company reported sales that missed estimates. International Business Machines Corp. dropped 3.5 percent after the close as its sales fell an eighth straight quarter.