Thursday, May 3, 2007

U.S. Stocks Gain on Productivity, Inflation Data; Symantec, Intel Advance

(Bloomberg) -- U.S. stocks rose and the Standard & Poor's 500 Index topped 1500 for the first time since September 2000, helped by evidence the economy is expanding without jumpstarting inflation.

Symantec Corp. climbed the most in nine months and led technology shares higher after profit at the anti-virus software maker exceeded analysts' estimates. Intel Corp. and Advanced Micro Devices Inc., the two biggest makers of personal-computer processors, helped lift the stock market to its third day of gains on speculation profit growth at technology companies will withstand an economic slowdown.


Read more at Bloomberg Stocks News

No comments: