Wednesday, June 13, 2007

U.S. Stocks Surge After Jump in Retail Sales, Bond Rally; Freeport Gains

(Bloomberg) -- U.S. stocks surged, pushing the Dow
Jones Industrial Average to its biggest gain in almost 11
months, after the bond market rallied and a government report on
retail sales exceeded economists' estimates.

Freeport-McMoRan Copper & Gold Inc., the biggest copper
producer, climbed to a record $81.75, enabling the Standard &
Poor's 500 Materials Index to post the steepest advance since
July. Wal-Mart Stores Inc. and Home Depot Inc. helped push the
Dow average to an increase of 1.4 percent, or 187 points.


Read more at Bloomberg Stocks News

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