Tuesday, May 15, 2007

US stock indexes rise as CPI offsets Home Depot, Wal-Mart

(Reuters) - U.S. stocks rose on Tuesday, sending the Dow industrials to an all-time high, as data pointing to stabilizing inflation trumped disappointing earnings from Home Depot Inc. and Wal-Mart Stores Inc.

Investors snapped up shares of industrial conglomerates such as Boeing Co. and General Electric Co. as they bet the Federal Reserve may have room to lower interest rates some time this year, which could boost business investment.


Read more at Reuters Africa

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