Tuesday, April 17, 2007

U.S. Stocks Advance on Inflation and Housing Data; J&J, Coca-Cola Climb

(Bloomberg) -- U.S. stocks advanced, extending the April rally, after inflation rose less than forecast, housing starts gained and earnings beat analysts' estimates.

Johnson & Johnson climbed for a 10th day, its longest streak since January 1990, after acquisitions buoyed profit. Coca-Cola Co. rose to the highest since June 2004 after its biggest sales gain in at least nine years boosted first-quarter net income. The two stocks led the Dow Jones Industrial Average to within 25 points of a record.


Read more at Bloomberg Stocks News

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