Thursday, June 28, 2007

Most U.S. Stocks Advance After Fed Says Economy Likely Will Keep Growing

(Bloomberg) -- Most U.S. stocks gained and
benchmark indexes were little changed after the Federal Reserve
said the economy will probably keep growing even as inflation
remains its main concern.

Intel Corp., the world's biggest semiconductor company,
and Cisco Systems Inc., the largest provider of networking
equipment, led computer stocks higher after analysts advised
buying the shares. Transocean Inc., the biggest offshore
driller, led a drop in energy producers after natural gas fell
the most in four months.


Read more at Bloomberg Stocks News

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