Tuesday, May 22, 2007

Most U.S. Stocks Rise; Financials, Homebuilders Gain on Paulson Comments

(Bloomberg) -- Financial and real-estate companies
led most U.S. stocks higher for a third day after Treasury
Secretary Henry Paulson said the slump in housing is ``largely''
over.

Washington Mutual Inc., Citigroup Inc. and all 16
homebuilders in Standard & Poor's indexes rose on speculation
demand for housing may rebound. MGM Mirage surged the most since
1989 after billionaire Kirk Kerkorian said he wants to buy the
company's Bellagio Hotel & Casino in Las Vegas.


Read more at Bloomberg Stocks News

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