Pursuits
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U.S. stocks surged, recovering nearly all of Friday’s selloff, as technology shares including Apple Inc. and Microsoft Corp. rallied before the industry’s largest companies provide a clearer picture of quarterly earnings.
Computer and Internet shares in the Standard & Poor’s 500 Index surged 1.8 percent. International Business Machines Corp. soared 3.4 percent during regular trading, the most this year, before posting earnings that beat forecasts. Technology companies, among the worst performers Friday, are being watched closely amid a reporting season that may see the first quarterly decline since 2009 for companies in the S&P 500.