June 29 (Bloomberg) -- U.S. stocks rose, extending the best quarterly rally for the Standard & Poor’s 500 Index since 1998, as higher oil prices lifted energy shares and speculation grew that the recession is easing. Exxon Mobil Corp. gained 2.2 percent as crude climbed above $71 a barrel. Microsoft Corp. added 2.2 percent after Deutsche Bank AG raised its price estimate for the world’s biggest software company. Ford Motor Co. rallied 3 percent after predicting the slowest slide in sales among major automakers. Treasuries advanced for a third day, sending 10-year yields to the lowest level in a month. (more)
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