Energy companies led gains, with Exxon Mobil Corp. and Chevron Corp. each rising 2.4 percent. LinkedIn Corp. soared 13 percent after third-quarter sales exceeded estimates. GoPro Inc. jumped 13 percent after its prediction for fourth-quarter profit surpassed analysts’ projections.
Starbucks Corp., which has offered company stock for store workers for more than two decades, will now begin picking up most of the tab for workers to get a degree through Arizona State University online.
U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from a record, and the yen strengthened as concern American lawmakers will fail to reach a budget deal overshadowed better-than-estimated economic data. Oil, gold and coffee led commodity gains as the dollar weakened.
Stocks fell, with emerging markets extending the longest slump in seven years, and copper declined amid concern policy makers will reduce stimulus. Treasuries gained as 10-year yields at the highest level in eight weeks attracted buyers.
U.S. stocks fell, with the Standard & Poor’s 500 Index halting a four-day winning streak, after the Federal Reserve fueled bets it will begin to cut stimulus even as it maintained the pace of monthly bond buying as expected.