Wednesday, May 9, 2007

U.S. Stocks Rise Before Fed Decision; Financial Shares, OfficeMax Advance

(Bloomberg) -- U.S. stocks rose, erasing an earlier decline, after oil fell and takeover speculation boosted shares of OfficeMax Inc.

The Standard & Poor's 500 Index gained 1.94, or 0.1 percent, to 1509.66 as of 12:55 p.m. in New York, after earlier falling as much as 0.3 percent. Financial shares contributed the most to the advance.


Read more at Bloomberg Stocks News

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