Economics
S&P 500 Rallies Most in One Year on ECB Stimulus, Apple
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U.S. stocks surged, sending the Standard & Poor’s 500 Index to its biggest gain in a year, as investors speculated the European Central Bank will boost economic stimulus and Apple Inc. forecast record sales.
Apple advanced 2.7 percent, sending the Nasdaq 100 Index to its biggest rally since January 2013. Texas Instruments Inc. rose 5.3 percent and Harley-Davidson Inc. jumped 7.3 percent after reporting higher-than-estimated profit. Southwest Airlines Co. surged 5.3 percent as airlines led transportation stocks higher. Coca-Cola Co. fell 6 percent, the biggest drop in six years, after sales slumped.