Pursuits
U.S. Stocks Advance as Greek Lawmakers Approve Austerity Plan
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U.S. stocks rose, after the first weekly loss for the Standard & Poor’s 500 Index in 2012, as Greece approved austerity plans to secure rescue funds.
Bank of America Corp., JPMorgan Chase & Co. and Caterpillar Inc. increased at least 1.7 percent to lead gains in the Dow Jones Industrial Average. Apple Inc. climbed 1.9 percent to trade above $500 for the first time. Chesapeake Energy Corp. added 2.4 percent after the natural-gas driller said it’s targeting as much as $12 billion in asset sales and joint ventures this year. Advanced Micro Devices Inc. surged 3.4 percent after being raised at Sanford C. Bernstein & Co.