Business

US stocks rally, breaking a three-day slump

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Stocks rallied, ending the three-day slump that ushered in 2014. The S&P 500 rose the most in three weeks, led by health care stocks. UnitedHealth and Johnson & Johnson gained on analyst endorsements. Despite the year’s slow start, ‘To me the trend still looks up,’ said Bill Stone, at PNC Wealth Management. The economy ‘seems to be in the mode that you would expect corporate earnings to continue to grow.’ Investors were also encouraged by the easy confirmation of Janet Yellen to lead the Fed. That puts an economist in the post who has backed the Fed’s efforts to stimulate the economy with low interest rates and big bond purchases.

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