US stocks rise before economic data amid corporate earnings

U.S. stocks rose, after the Standard & Poor’s 500 Index rallied for four straight weeks, as investors watched company earnings and awaited this week’s releases on employment and economic growth.

Kellogg Co. jumped 3.9 percent after announcing it will reduce its global workforce by seven percent as part of a four- year cost-saving plan. U.S. Steel Corp. and AK Steel Holding Corp. gained more than 3.8 percent as Goldman Sachs Group Inc. raised its ratings on the companies. BlackBerry Ltd. tumbled 11 percent as Fairfax Financial Holdings Ltd. walked away from a $4.7 billion takeover plan.