Market advances on staples, tech rebound
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Stocks rose on Wednesday as investors snapped up shares of companies seen better positioned to withstand an economic downturn after Goldman Sachs forecast a U.S. recession in 2008.
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Stocks gained on Tuesday as data showing a higher-than-expected rise in orders of durable goods last month eased some economic worries, helping shares of major manufacturers.
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U.S. stocks extended gains on Wednesday, with the S&P 500 and Nasdaq both up more than 1 percent, as investors hunted for bargains among large cap technology shares.
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U.S. stocks rose on Wednesday, sending major indexes up more than 1 percent, as technology shares rebounded, while upbeat outlooks and profit reports from companies including Big Lots Inc.  tempered worries about the economy's health.
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Stocks extended gains in mid-afternoon trade on Tuesday, lifting the S&P 500 index more than 1 percent, after reassuring data on the economy and amid optimism about the outlook for technology spending.
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U.S. stocks rose on Wednesday as  retailers Kmart and Sears announced a $11.5 billion merger,  signaling corporate America's confidence in the economy, while  Hewlett-Packard's better-than-expected earnings helped boost  tech shares with the hope of increased spending in the sector.
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Stocks rebounded on Monday from last week's losses after tech bellwether IBM  posted upbeat preliminary quarterly results, spurring a broad rally in technology shares.
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FRAMINGHAM, Mass.  - Staples Inc.'s second-quarter profit grew 39 per cent and beat Wall Street expectations as sales grew across Staples' office products portfolio, from retail stores to delivered products and European business.
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Stocks extended gains on Monday after a report showed U.S. manufacturing growth accelerated in June even as price pressures eased.
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Stocks rebounded on Monday from last week's losses after IBM reported higher-than-expected preliminary financial results, lifting the technology sector.
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U.S. stocks gained on Tuesday, helped  by a surge in Dow component American Express Co. AXP.N, while  the outlook for tech stocks brightened after the closing bell  as Google Inc. GOOG.O blew away Wall Street expectations.
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Stocks rose as an $11 billion offer by Kmart for Sears, Roebuck lifted retailers and better-than-expected earnings from Hewlett-Packard ignited a rally in technology shares.
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U.S. technology stocks moved higher on  Friday, boosted by Computer maker Dell Inc. DELL.O, but the  broader markets were flat as Wall Street took a breather after  Thursday's rally.
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U.S. stocks edged higher on Monday as   gains in technology shares such as Apple Computer Inc. AAPL.O   outweighed a sell-off in shares of energy and metals companies   following a pullback in commodity prices.
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The Dow industrials and the S&P 500 rose on Monday, led by health-care and consumer staple shares, as investors snapped up stock in companies seen able to withstand any economic slowdown following dismal employment data last Friday.
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Wall Street rebounded Tuesday on a recovery in world markets. The Dow Jones industrial average rose more than 150 points.
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Staples Inc. , the top U.S. office products retailer, on Tuesday reported a 26 percent jump in quarterly profit due to higher sales of furniture, back-to-school supplies and a strong performance in Europe.