Wednesday, May 9, 2007

U.S. Stocks Rise on Profits, Takeover Speculation; Alltel, IBM Shares Gain

(Bloomberg) -- U.S. stocks rallied on improved profit forecasts and continued takeover speculation that pushed the Standard & Poor's 500 Index within 1 percent of its 2000 record.

Alltel Corp., International Business Machines Corp. and Texas Instruments Inc. led the advance. The Dow Jones Industrial Average rose to its sixth record in seven days.


Read more at Bloomberg Stocks News

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