Stocks hold onto gains as iPhone 5 helps Apple scale new peak

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surged 5.8 percent to $55.53 after the fashion and accessory designer's company said it will likely earn more than it expected in the second quarter as it banks on strong global sales.

Housing shares advanced, led by KB Home , up 14 percent at $14.95 after the fifth-largest U.S. homebuilder posted a surprising quarterly profit and said its revenue backlog hit a four-year high. The PHLX housing sector index climbed 2.6 percent.

Oracle Corp added 0.5 percent to $32.42 a day after the software maker reported first-quarter earnings, excluding items, that met Wall Street's expectations. Oracle's hardware sales, however, are expected to drop further after tumbling 24 percent from a year ago.

Darden Restaurants Inc , whose dining-out chains include the Olive Garden, posted first-quarter earnings that beat analysts' estimates. Darden stood by its sales and profit forecast for the year. It stock rose 4.5 percent to $57.19.

Vivus Inc shares plunged 11.9 percent to $20.91 after the drug-development company said it expects a European committee to recommend against the approval of its obesity drug Qsiva, based on preliminary feedback from the committee.

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FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis