S&P 500 Rebounds From Biggest Drop in 2012 on Employment Data

Stocks advanced a day after the S&P 500’s biggest decline in 2012 on news that more investors signed on to Greece’s debt swap and ADP Employer Services reported that US companies hired more people in February. Equities extended their gains on a report the Fed is discussing a new bond-buying program. Financial shares, hammered Tuesday, led the gains.