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08

U.S. Stocks Rally With Global Equities Amid Optimism on China

By Tony Seruga

Technology, health-care lead rebound after losses last week
Corporate deal activity adds to positive sentiment on stocks

U.S. stocks surged, with the Standard & Poor’s 500 Index’s second-best gain this year, after signs of stability in Chinese markets led global equities higher.

Apple Inc., Amazon.com Inc., Wells Fargo & Co. and General Motors Co. all posted gains of at least 2.7 percent amid a broad-based rally as investors returned from the Labor Day holiday. Teco Energy Inc. surged 25 percent to a 13-year high after agreeing Friday to a $6.5 billion buyout by Canada’s Emera Inc. Meredith Corp. added 10 percent after Media General Inc. agreed to buy the company in an acquisition valued at about $2.4 billion…

U.S. Stocks Rally With Global Equities Amid Optimism on China

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