Friday, May 11, 2007

U.S. Stocks Advance After Inflation, Retail Sales Data Spur Rate-Cut Hopes

(Bloomberg) -- U.S. stocks gained after producer prices eased, spurring speculation the Federal Reserve has leeway to cut interest rates.

Chicago Mercantile Exchange Holdings Inc. advanced the most in two months after saying it will buy back $3.5 billion of its shares. Nvidia Corp. was the best performer in the Standard & Poor's 500 Index after the world's second-largest producer of computer-graphics chips reported profit that beat analysts' estimates.


Read more at Bloomberg Stocks News

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