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Stocks snap three-day decline

U.S. stocks rose, snapping a three- day retreat, as investors awaited this weeks earnings reports and jobs data to gauge the pace of the recovery in the worlds largest economy.

By Nick Taborek, Sofia Horta e Costa | Updated on January 07, 2014
Donald Civitanova, a floor official with Knight Capital, works at the New York Stock Exchange, in New York. (AP Photo/Mark Lennihan, File)

Jan. 7 (Bloomberg) — U.S. stocks rose, snapping a three- day retreat, as investors awaited this week’s earnings reports and jobs data to gauge the pace of the recovery in the world’s largest economy.

UnitedHealth Group Inc. and Johnson & Johnson rose more than 1.6 percent, leading gains in the Dow Jones Industrial Average, after brokerages raised their stock ratings. Convergys Corp. jumped 11 percent after saying it will buy Stream Global Services Inc. for $820 million. Netflix Inc. slid 4.2 percent as Morgan Stanley said the company faces more competition.

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