Wednesday, May 23, 2007
U.S. stocks rise amid more deal news
11:40 am ET May 23, 2007
DJIA
13,583
+43.72
S&P
1,530
+6.32
NASDAQ
2,596
+8.56
10Yr
4.85%
+0.014
U.S. stocks rise amid more deal news
NEW YORK
U.S. stocks rose firmly on Wednesday, sending the Dow Jones Industrial
Average to a new record high, as a stream of deal making news continued
to fuel buying interest, this time with speculation in the metals sector
after Alcan Inc. rejected Alcoa Inc.'s hostile bid.
Credit cards, margins drive 18% rise in Target profit
CHICAGO
Discount retailer Target Corp. on Wednesday reported an 18% rise in
quarterly net profit thanks to strength in its credit card business and
improved margins.
