Economics
S&P 500 Extends Record Amid Spending, Confidence Data
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U.S. stocks rose, with benchmark indexes climbing to records, as utility and consumer-staple shares rallied and investors weighed data showing an uneven recovery in the American economy.
Wal-Mart Stores Inc. and Lorillard Inc. climbed at least 1 percent, pacing gains among companies whose earnings are less tied to economic swings. U.S. Steel Corp. dropped 4.6 percent to lead losses among commodities producers. Lions Gate Entertainment Corp. dropped 12 percent after quarterly results missed estimates.