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 holiday spirits.
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Stocks headed for a higher open on Thursday, buoyed by a government report suggesting strength in the labor market and optimism about government and central bank efforts to boost the economy.
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NEW YORK Stocks moved sharply higher Friday after US economic data showed strength in manufacturing and construction and shrugged off a softening in consumer sentiment.
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The stock market rose for the week as upbeat economic news offset concerns about inflation and interest rates.
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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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U.S. stocks surged for a second day today after tame inflation data encouraged investors already buoyed by the Federal Reserve's interest-rate cut the day before.
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NEW YORK  -Stocks rallied on Friday as strong results from Research in Motion lifted the technology sector while a report of another overseas investment in a U.S. investment bank boosted financial stocks.
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The Nasdaq rose and the blue-chip Dow   edged up on Wednesday after a government report showed economic   growth, while slowing, remains fairly strong.
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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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US STOCKS advanced on Friday after an industry report showed that factory production and employment had risen, easing concern that economic growth would slow.
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Merrill Lynch assuaged concern of a looming credit crisis and the latest government report on the economy showed growth was accelerating.
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Stocks gained on Tuesday, led by advances in technology shares after positive broker comments on Apple Inc  and Yahoo Inc  and data pointing to strength in the economy.
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U.S. stocks climbed on Thursday, boosted by surprisingly high earnings from investment bank Bear Stearns Co. Inc. and economists' bullish estimates for stock indexes performance next year.
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U.S. stocks rose on Friday as a report showing stronger-than-expected job growth boosted optimism about the outlook for profits.
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Stocks rose 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 rose on Tuesday after reports showed unexpected strength in the services sector and labor costs coming under control, pointing to economic growth and rising profits with moderating inflation.
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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.