Friday, April 20, 2007

US STOCKS-Shares rise on optimism over profits

(Reuters) - NEW YORK, April 20 - U.S. stocks rallied on Friday, with the Dow coming within 50 points of the 13,000 mark, as stronger-than-expected earnings from companies including Google Inc. and Caterpillar Inc. eased investor nervousness over quarterly results.

Dow component Caterpillar, a manufacturer of heavy construction and mining equipment, also raised its outlook and said growth outside North America was offsetting weakness in the U.S. housing and truck engine markets. For more see [ID:nN19299226].


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