Wednesday, June 13, 2007

US STOCKS-Wall St rises on slipping yields, profit hopes

(Reuters) - NEW YORK, June 13 - U.S. stocks rose on Wednesday
as a pullback in benchmark bond yields fueled a rebound in
interest-rate-sensitive shares including banks, utilities and
home builders.




Data pointing to strength in U.S. consumer spending also
boosted optimism about the economy's health and corporate
profits, sending shares of consumer-oriented issues, including
Altria Group , and those of big manufacturers including
plane maker Boeing Co. , higher.


Read more at Reuters.com Bonds News

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