Monday, June 11, 2007

U.S. Energy, Financial Shares Gain; S&P 500 Index Rises for a Second Day

(Bloomberg) -- Energy and financial shares rallied
on prospects for higher earnings, carrying the U.S. stock market
to a second consecutive gain.

Exxon Mobil Corp., the largest crude producer, helped lift
the Standard & Poor's 500 Index and Dow Jones Industrial Average
after oil prices rebounded. Morgan Stanley, Lehman Brothers
Holdings Inc. and Goldman Sachs Group Inc. climbed on
expectations new securities regulations will help bolster the
banks' earnings in the second half of 2007.


Read more at Bloomberg Stocks News

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