Economics
U.S. Stocks Halt Worst Slide Since January on Earnings, China
What’s Driving the Recent S&P 500 Weakness?
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U.S. stocks rose, ending their longest losing streak since January, amid better-than-forecast earnings and as Chinese equities pulled back from a selloff.
United Parcel Service Inc. advanced 5.1 percent, and Pfizer Inc. gained 2.9 percent after their profits beat projections. Energy shares rallied with oil, and Freeport-McMoRan Inc. led raw-material producers higher as copper climbed. Baidu Inc. fell 15 percent after forecasting sales that were below analysts’ targets. Ingersoll-Rand Plc lost 6.6 percent as earnings missed estimates.