Barrick Gold Corp., the world’s biggest producer of the precious metal, gained 2.8% to $19.60. Gold Fields Ltd. said it will pay $300 million for Barrick’s Granny Smith, Lawlers and Darlot gold mines in Western Australia.
The S&P Supercomposite Homebuilding Index rose 2.1%. Ten of 11 members advanced, after the Federal Housing Finance Agency report showed home prices extending a recovery. Prices climbed 0.7% in the month on a seasonally adjusted basis from May.
Toll Brothers Inc. gained 2.9% to $32.55 and PulteGroup Inc. climbed 1.6% to $16.35.
Yahoo, the biggest U.S. Web portal, added 3.2% to $27.92. More than 196 million users spent time on Yahoo’s websites in July, ComScore Inc. said. That’s 4.3 million more than Google Inc. and the first time Yahoo’s Web traffic surpassed that of the world’s most popular search engine since May 2011.
GameStop Corp. jumped 9.7% to $52.25 for the biggest gain in the S&P 500. The largest specialty retailer of video games gained the most in a year after raising its full-year profit forecast ahead of the release of new consoles from Sony Corp. and Microsoft Corp.
Hewlett-Packard tumbled 12% to $22.29 after forecasting earnings excluding some items of 98 cents to $1.02 a share for the fiscal fourth quarter. Analysts had predicted $1.01 on average, according to estimates compiled by Bloomberg.
Abercrombie & Fitch plunged 17% to $38.62, the biggest drop since November 2011. The retailer reported second- quarter earnings of 16 cents a share, compared with the average analyst estimate of 29 cents and its own forecast of at least 28 cents.
Sears Holding Corp. slumped 8.3% to $39.70, headed for the lowest close this year. The retailer controlled by Edward Lampert said its second-quarter loss widened to $194 million as its loyalty program members used more discounts. Members of the company’s Shop Your Way program accounted for more than 65% of sales at Sears operations and Kmart in the quarter. Sales fell 6.3% to $8.87 billion.
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