Thursday, June 18, 2009

U.S. Stocks Gain as Leading Indicators, Philly Fed Top Estimates

U.S. stocks extended gains after reports on leading indicators and manufacturing in the Philadelphia region topped economists’ estimates, adding to evidence that the recession is easing.

The Standard & Poor’s 500 Index climbed 0.7 percent to 917.2 at 10:02 a.m. in New York.