Business

Snapshot: S&P 500 in longest upturn since Jan.

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Stocks rose, giving the S&P 500 its longest winning streak — eight days — since Jan. 25 as better-than-estimated profit at Citigroup overshadowed news that retail sales rose less than projected in June — just 0.4%, after a 0.5% gain in May that was less than previously reported. Citigroup jumped 2% after profit beat estimates as stock-trading revenue surged and losses on unwanted assets fell. Leap Wireless more than doubled after AT&T agreed to buy it for $1.2 billion. The Dow added 0.1%; it and the S&P 500 hit record closing highs. An unprecedented three rounds of central bank stimulus have helped drive the S&P 500 up 149 percent from 2009.

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