Saturday, April 21, 2007

U.S. Stocks Gain, Pushing Dow to Record Three Times, on Profits, Economy

(Bloomberg) -- U.S. stocks rose, pushing the Dow Jones Industrial Average to a record, after profit and economic reports were better than expected.

Honeywell International Inc., Caterpillar Inc. and JPMorgan Chase & Co. led the Dow average's rally this week after their earnings increased more than analysts estimated. Countrywide Financial Corp. paced gains by financial shares, which climbed the most since October 2004, on optimism the so-called subprime lending crisis is contained. The Standard & Poor's 500 Index is on pace for the biggest monthly advance since December 2003.


Read more at Bloomberg Stocks News

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