Economics
U.S. Stocks Rise on Economy Before ECB Meeting, Jobs Data
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U.S. stocks rose, with benchmark indexes at record levels, amid better-than-forecast data on service industries before a European Central Bank decision on stimulus and a monthly employment report.
Prudential Financial Inc. and MetLife Inc. led gains in financial stocks, increasing more than 2.3 percent. Protective Life Corp. surged 18 percent after Dai-ichi Life Insurance Co. agreed to buy the life insurer for 582.2 billion yen ($5.7 billion). Coach Inc. declined 2.6 percent after its rating was downgraded by Sterne, Agee & Leach Inc.