Monday, June 4, 2007

U.S. Stocks Rise, Led by Energy Producers; Wal-Mart Stores, XTO Advance

(Bloomberg) -- America's equity benchmarks climbed
to records again on analyst upgrades of Wal-Mart Stores Inc. and
a rise in oil prices that buoyed energy shares.

Wal-Mart, the world's largest retailer, led the Standard &
Poor's 500 Index to its fourth consecutive peak and the Dow
Jones Industrial Average to its 27th this year after four
brokerages recommended the company because of its planned $15
billion share-buyback plan. Oil and gas companies climbed to a
high after the price of crude surged above $66 a barrel on
concern supplies from Nigeria may be disrupted.


Read more at Bloomberg Stocks News

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