Wednesday, May 30, 2007

US stock indexes rise on tech M&A, but China and oil drag

(Reuters) - U.S. stocks ended higher on Tuesday, helped by a wave of takeover news involving tech companies such as Avaya Inc., but China's move to cool off its skyrocketing stock market limited Wall Street's broader advance and raised concern about a global equity sell-off.

A slide in shares of energy companies, including Exxon Mobil Corp., weighed on the Dow Jones industrial average and the S&P 500 in light post-holiday trading as U.S. oil prices dropped about $2 a barrel.


Read more at Reuters Africa

No comments: