U.S. stocks rallied and the Standard & Poor’s 500 Index posted its biggest weekly gain since April after a measure of consumer prices rose less than forecast, easing concern that interest rates will increase.

Intel Corp., the world’s largest maker of computer chips, jumped after Goldman, Sachs & Co. advised clients to buy the shares. Exelon Corp. led utility shares to their biggest three- day advance in four years after a decline in bond yields made their dividends more attractive.

The 0.1 percent rise in so-called core prices, which exclude food and energy, followed data this week showing retail sales climbed at twice the forecast rate. Signs the economy is growing without stoking inflation helped stocks erase declines prompted by a five-week surge in bond yields.

(Bloomberg News)