Stocks Soar on Merrill Report and Economic Data
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Talks of an investment in Merrill Lynch and a strong report on consumer spending lifted investorsâ spirits.
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Stocks rose soundly on Friday, capping a week of gains for Wall Street, as investors drew confidence from strong results at Oracle and a continued sense that lower interest rates should help the economy.
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NEW YORK - Newly optimistic investors sent stocks sharply higher Friday after economic data showed strength in manufacturing and construction. Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares...
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Wall Street rallied for a second consecutive session yesterday after the governmentÂs latest gross domestic product reading showed the economy was in better shape than expected, easing concerns that growth was slowing too sharply.
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US stocks were higher at midmorning on Thursday, as a slew of deals fuelled the market&#39;s momentum, a day after the S&amp;P 500 had risen to a record close.
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US stocks rose, capping the Standard &amp; Poor&#39;s 500 Index&#39;s best three-week rally in two years, as better-than-expected reports on retail sales and consumer confidence suggested the economy may accelerate.
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Stocks rallied on Monday, led by financial companies, after Merrill Lynch  took steps to shore up its balance sheet with plans to raise up to $6.2 billion and sell a lending unit.
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U.S. stocks rallied on Monday, with the S&P 500 index reaching a six-year high and the Nasdaq jumping more than 1 percent as lower oil prices and a wave of takeover deals boosted optimism about the economic outlook and corporate valuations.
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Stocks rose on Thursday and the Dow climbed to an intraday record after major retailers issued reassuring monthly sales figures and outlooks, a sign consumer spending will continue to support economic growth.
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Stocks rose on Monday, after Merrill  Lynch  said it was getting a big foreign investment and  with investors eyeing retailers as the busy holiday shopping  season draws to a close.
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U.S. stocks rose on Monday as investors bet signs of strength in the economy meant companies will beat profit forecasts as the second-quarter earnings season kicks off.
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Stocks advanced on Thursday as a rebound in global equity markets helped boost investment banks' shares and strong earnings from U.S. retailers on strong monthly sales allayed worries about the economy's health.
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Stock markets hit new historic highs on Friday, driven by a flurry of encouraging economic data that showed signs of a solid economic rebound in the second half of the year.
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Wall Street was higher after a better-than-expected profit report at Research in Motion and on word that Merrill Lynch might have lined up a cash infusion from a Singapore fund.
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Wall Street was higher after a better-than-expected profit report at Research in Motion and on word that Merrill Lynch might have lined up a  cash infusion from a Singapore fund.
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NEW YORK - Newly optimistic investors sent stocks sharply higher Friday, propelling the Dow Jones industrials 112 points higher, as new economic data showed strength in manufacturing and the departure of PeopleSoft Inc.'s chief executive raised hopes for a merger in the tech sector. The major indexes closed the week with respectable gains...
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Stocks rose on Friday, a day after a  sharp sell-off, as data on producer prices and industrial  output indicated healthy, noninflationary economic growth and  boosted cyclical shares like Caterpillar Inc. CAT.N.