Tuesday, July 17, 2007

U.S. Stocks Advance, Dow Average Tops 14,000 as Financial Shares Rally

(Bloomberg) -- U.S. stocks rose, sending the Dow
Jones Industrial Average past 14,000 for the first time, after
wholesale inflation unexpectedly declined and Goldman Sachs Group
Inc. recommended American Express Co. shares.

American Express, the fourth-biggest U.S. credit-card
issuer, helped push the Dow average to a fourth-straight record.
Novellus Systems Inc. surged the most since October 2002 and led
shares of semiconductor-equipment makers higher after it forecast
orders this quarter above analysts' projections.


Read more at Bloomberg Stocks News

No comments: