S&P 500 Extends Record as Durable-Goods Orders Increase

U.S. stocks advanced, with the Standard & Poor’s 500 Index extending a record, after durable goods orders unexpectedly rose and JBS SA offered to buy Hillshire Brands Co. for $6.4 billion.

Hillshire jumped 22 percent as JBS’s Pilgrim’s Pride Corp. unit made an unsolicited bid for the maker of Jimmy Dean sausages and Ball Park hot dogs. FirstEnergy Corp., NRG Energy Inc. and Exelon Corp. added more than 3.6 percent to help lead gains in the S&P 500. Bank of America Corp. climbed 3.4 percent after resubmitting its capital plan to the Federal Reserve. Small-cap stocks and technology companies extended a recovery from a two-month selloff.