US stocks extend rally

US stocks jumped again today following news that CIT had struck a financing deal that will keep the troubled commercial lender out of bankruptcy.

US stocks extend rally
Mon, 20 Jul, 2009 - 23:31

US stocks jumped again today following news that CIT had struck a financing deal that will keep the troubled commercial lender out of bankruptcy.

More upbeat earnings reports and a better-than-expected read on future economic activity also drove shares higher.

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CourtsBusinessHeathrowPlace: USPlace: Virginia Beach, VirginiaPerson: Matt LloydOrganisation: CITOrganisation: CIT GroupOrganisation: DowOrganisation: Goldman Sachs GroupOrganisation: Intel Corp.Organisation: International Business Machines Corp.Organisation: US governmentOrganisation: Lehman BrothersOrganisation: NasdaqOrganisation: HasbroOrganisation: Halliburton Co.Organisation: US TreasurysOrganisation: Human Genome Sciences
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