Economics
U.S. Stocks Cap Best 2-Day Rally Since October on Economy
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U.S. stocks rose, with the Standard & Poor’s 500 Index capping its best two-day rally since October, amid optimism economic growth is robust enough to weather stimulus cuts even as data showed weaker-than-forecast hiring.
Expedia Inc. jumped 14 percent after the online travel company said increased advertising and hotel-room bookings helped boost sales. Apple Inc. rose 1.4 percent on a report that the company bought back $14 billion of its shares. LinkedIn Corp. slumped 6.2 percent after saying sales growth will slow for a fifth consecutive quarter.