(Bloomberg) -- Technology shares rallied on better-
than-expected earnings, helping the U.S. stock market complete
its best May since 2003 and sending the Standard & Poor's 500
Index to a second straight record.
Ciena Corp. and Novell Inc. led the advance after first-
quarter earnings topped some analysts' forecasts. A.G. Edwards
Inc. rose the most in two decades after Wachovia Corp. said it
will buy the company for about $6.8 billion, the biggest
acquisition of a U.S. brokerage firm in almost seven years.
Read more at Bloomberg Stocks News
than-expected earnings, helping the U.S. stock market complete
its best May since 2003 and sending the Standard & Poor's 500
Index to a second straight record.
Ciena Corp. and Novell Inc. led the advance after first-
quarter earnings topped some analysts' forecasts. A.G. Edwards
Inc. rose the most in two decades after Wachovia Corp. said it
will buy the company for about $6.8 billion, the biggest
acquisition of a U.S. brokerage firm in almost seven years.
Read more at Bloomberg Stocks News
No comments:
Post a Comment