U.S. Stocks Rise, Led by Phone Shares, Steelmakers; AT&T Gains

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