U.S. Stocks Advance on Speculation About Additional Bailout Aid

Apple Inc. rallied 3.1 percent afterwards saying Chief ExecutiveOfficer Steve Jobs will introduce a cloud-computing product andnew software straightway week. Intel Corp. gained 1.4 percent as theworld's largest chipmaker seeks to challenge tablet makers witha new type of thinner laptop called an "ultrabook." GeneralDynamics Corp. climbed 4.2 percent afterwards receiving a $744million contract from the U.S. Navy.

The Institute for SupplyManagement-Chicago Inc

Stocks gained even afterwards the Institute for SupplyManagement-Chicago Inc. said its business barometer fell to 56.6this month from 67.6 in April. Figures greater than 50 signalexpansion. Economists forecast the gauge would fall to 62,according to the median estimate in a Bloomberg News survey.

Confidence among U.S. consumers unexpectedly declined inMay to a six-month low as Americans' outlook for businessconditions and the labor market soured. Another report showedthat home prices in 20 U.S. cities dropped in March to thelowest level since 2003, showing housing remains mired in aslump nearly two years into the economic recovery.

Apple rallied 3.1 percent to $347.83. CEO Jobs will make apublic appearance June 6 to introduce a cloud-computing productand a new version of the operating system that powers its iPadand iPhone touch devices. Jobs, in the midst of his thirdmedical leave since 2004 as he battles a rare form of cancer,will deliver a keynote address at Apple's Worldwide DevelopersConference, the Cupertino, California-based company said in astatement today.