Monday, July 2, 2007

U.S. Stocks Advance After Manufacturing Growth Accelerates; Costco Surges

(Bloomberg) -- Faster-than-expected growth in
manufacturing ignited the U.S. stock market on July's first
trading day, extending the best second-quarter advance for the
Standard & Poor's 500 Index since 2003.

Costco Wholesale Corp. climbed to a record after Goldman,
Sachs & Co. advised buying the shares, helping push the Nasdaq
Composite Index to a six-year high. Caterpillar Inc., United
Technologies Corp. and Honeywell International Inc. carried the
Dow Jones Industrial Average to its first gain in three days.


Read more at Bloomberg Stocks News

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