Ralph Shive News
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U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back gain in more than three weeks, on optimism over earnings and as commodities gained amid a report showing China’s inflation slowed.
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Stocks rose for a second day and industrial metals rallied as slower-than-forecast Chinese inflation eased pressure on policy makers to tighten credit. The yen rebounded after a three-day slump took it to the weakest level since 2009 while the dollar weakened versus most peers.
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U.S. stocks rose for the week as better-than-estimated economic data triggered a three-day rally, before gains were trimmed in the final two sessions amid worse- than-forecast results at Google Inc. and Microsoft Corp.
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U.S. stocks tumbled, sending benchmark indexes down the most since February, as credit-rating downgrades of Greece and Portugal spurred concern Europe’s debt crisis will derail the global economic recovery.
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Stocks rallied, sending the MSCI World Index to a 12-week high, amid speculation slower jobs growth will prompt the Federal Reserve to say it’s prepared to combat further weakening in U.S. growth. The euro weakened and copper rose.
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U.S. stocks rose this week, with the Standard & Poor’s 500 Index completing the biggest first- quarter rally since 1998, after Federal Reserve Chairman Ben S. Bernanke said he will keep stimulating the economy and Europe agreed to increase rescue funds.
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U.S. stocks rose this week, driving the Standard & Poor’s 500 Index to its longest winning streak since February, amid optimism Europe’s leaders will announce a plan to contain the debt crisis and after McDonald’s Corp. joined companies beating profit estimates.
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The rally that erased the Dow Jones Industrial Average’s 2010 loss yesterday and carried the Standard & Poor’s 500 Index above its 200-day average spurred optimism among chart analysts and investors who track earnings.
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U.S. stocks fell, with declines in energy and banking shares wiping out early gains, as the cost to protect against default by BP Plc rose to a record amid concern over the fallout from the Gulf of Mexico oil spill.
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L-3 Communications Holdings Inc., whose biggest investor is pushing for the defense company to dispose of underperforming assets, may extract as much as $2.2 billion more for shareholders in a takeover than a breakup.
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