Thursday, July 19, 2007

U.S. Stocks Rise on Earnings; Dow Average Closes Over 14,000 as IBM Gains

(Bloomberg) -- Technology companies rallied on
International Business Machines Corp.'s better-than-expected
earnings, sending the Standard & Poor's 500 Index to a record and
the Dow Jones Industrial Average over 14,000 for the first time.

IBM, Hewlett-Packard Co. and Microsoft Corp. led gains that
also pushed the Nasdaq Composite Index to a six-year high. Exxon
Mobil Corp., the world's biggest energy producer, climbed to a
peak after the price of oil rose to its highest in 11 months.


Read more at Bloomberg Stocks News

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