U.S. stocks posted their second gain this week, buoyed by the prospect of increasing sales and earnings at telephone companies, raw-materials producers and luxury retailers.
The advance, led by phone carrier AT&T Inc., steelmaker Nucor Corp. and department-store chain Nordstrom Inc., enabled the market to recoup about a third of its losses since Feb. 27.
The Standard & Poor's 500 Index and the Nasdaq Composite Index rose to one-week highs after falling yesterday, while the Dow Jones Industrial Average climbed to its highest this month.
Read more at Bloomberg.com
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