Saturday, May 19, 2007

US stocks rally on M&A; consumer data; Dow at record

(Reuters) - U.S. stocks rose on Friday giving the Dow and the S&P 500 seven straight weeks of gains and pushing the Dow to a record close, as more takeover activity and consumer sentiment data improved the outlook for equities.

A gauge of consumer sentiment rose more than expected in May despite rising gasoline prices and reassured investors about the economy's strength.


Read more at Reuters Africa

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