(Bloomberg) -- U.S. stocks advanced for a third day
after gains in real-estate and phone companies helped erase losses
sparked by the biggest plunge in Chinese shares since Feb. 27.
Simon Property Group, the largest U.S. real estate investment
trust, climbed after Deutsche Bank AG upgraded its shares and
seven other companies in the industry following the $13.5 billion
buyout of Archstone-Smith Trust. Caterpillar Inc., the world's
biggest maker of earthmoving machines, gained after mining
equipment maker Joy Global Inc. boosted its forecast.
Read more at Bloomberg Stocks News
after gains in real-estate and phone companies helped erase losses
sparked by the biggest plunge in Chinese shares since Feb. 27.
Simon Property Group, the largest U.S. real estate investment
trust, climbed after Deutsche Bank AG upgraded its shares and
seven other companies in the industry following the $13.5 billion
buyout of Archstone-Smith Trust. Caterpillar Inc., the world's
biggest maker of earthmoving machines, gained after mining
equipment maker Joy Global Inc. boosted its forecast.
Read more at Bloomberg Stocks News
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