U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from the biggest drop in two weeks, as the European Central Bank cut its key interest rate and American jobless claims unexpectedly fell.
The S&P 500 advanced 0.2 percent to 1,586.32 at 9:32 a.m. in New York. The equity gauge lost 0.9 percent yesterday as U.S. payrolls and manufacturing grew less than forecast, trimming this year’s rally to 11 percent.
