US stocks rise

US stocks regained ground today as the market’s cautious optimism was restored by government data showing only modest inflation, better-than-expected corporate earnings, announcements of two merger deals and the report of a third.

US stocks rise
Wed, 23 Feb, 2005 - 22:42

US stocks regained ground today as the market’s cautious optimism was restored by government data showing only modest inflation, better-than-expected corporate earnings, announcements of two merger deals and the report of a third.

The Dow Jones industrial average rose 62.59, or 0.59%, to 10,673.79, following a 174-point slide on Tuesday.

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