Monday, July 02, 2007
Midday Report: U.S. stocks in rally mode; mergers, economic data in view
DJIA
13,502
+93.49
S&P
1,514
+11.41
NASDAQ
2,624
+21.57
10Yr
5.01%
-0.025
U.S. stocks in rally mode; mergers, economic data in view
NEW YORK
U.S. stocks rallied Monday, as the second half of the year got off to a
strong start, thanks to data showing unexpected strength in the
manufacturing sector and a fresh spate of merger news, including a $49
billion takeover of Canadian telecom carrier BCE.
Economic Report: U.S. factory sector strengthens further in June, ISM
data show
WASHINGTON
The nation's manufacturing firms were growing at a brisk pace in June,
further evidence that the economy has brushed off a temporary setback
caused by excessive inventories of unsold goods, according to a closely
followed survey of top executives released Monday.
U.K. travel stocks drop after Glasgow Airport attack
LONDON
Travel stocks weakened in London trading on Monday, with British Airways
and Thomas Cook among the losers as the U.K. stood at its highest
terror-threat level and with oil trading near $70 a barrel.
