Monday, June 4, 2007

U.S. Stocks Rise, Led by Energy Producers; XTO, Wal-Mart Shares Advance

(Bloomberg) -- U.S. stocks climbed after energy
shares gained on a surge in oil prices and analysts upgraded
Wal-Mart Stores Inc.

Wal-Mart had its best two-day gain since August 2002 after
four brokerages increased their ratings on the world's largest
retailer because of its plan to repurchase as much as $15
billion in stock. XTO Energy Inc. led oil-related shares in the
S&P 500 to a record after it and Loews Corp. agreed to buy
Dominion Resources Inc.'s properties for $6.5 billion.


Read more at Bloomberg Stocks News

No comments: