US stocks rise on strong earnings

US stocks made a modest advance today as strong earnings from Yahoo Inc. and United Technologies Corp helped investors briefly set aside worries over inflation and rising oil prices.

US stocks rise on strong earnings
Wed, 19 Apr, 2006 - 23:51

US stocks made a modest advance today as strong earnings from Yahoo Inc. and United Technologies Corp helped investors briefly set aside worries over inflation and rising oil prices.

The day’s gains extended Wall Street’s rally from Tuesday, when stocks surged on indications that the Federal Reserve may soon end its string of interest rate hikes as the pace of economic growth appears to slow.

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CourtsBusinessHeathrowPlace: USPerson: William LefkowitzPerson: LefkowitzOrganisation: Yahoo Inc.Organisation: United Technologies CorpOrganisation: Wall StreetOrganisation: Federal ReserveOrganisation: DowOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: CPIOrganisation: Labor DepartmentOrganisation: vFinanceOrganisation: JPMorgan Chase & Co.Organisation: JPMorganOrganisation: Pfizer Inc.Organisation: PfizerOrganisation: Coca-Cola Co.Organisation: Coca-ColaOrganisation: United TechOrganisation: SikorskyOrganisation: YahooOrganisation: Motorola Inc.Organisation: New York Stock Exchange
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