Stocks, oil gain as China stimulus offsets growth concerns

By Dion RabouinNEW YORK (Reuters) – China’s latest move to boost its economy helped lift stocks on Wall Street and in Europe, and oil prices rallied after Saudi Arabia said it would work with other producers to limit oil market volatility. But U.S. data, showing an unexpected drop in contracts for home resales, gave some investors pause. The National Association of Realtors said its pending home sales index declined to its lowest level in a year. “We were seeing better (U.S.) e