Tuesday, June 26, 2007

U.S. Stocks Gain on Easing Subprime Concern; Cardinal Health Shares Rise

(Bloomberg) -- U.S. stocks gained on prospects for
higher earnings in the health-care industry and easing concerns
that losses tied to subprime mortgages will hurt financial
company profits.

Cardinal Health Inc., the second-largest U.S. drug
distributor, gained after it said earnings will be at the top
end of a previous forecast. Freddie Mac, the No. 2 U.S.
mortgage finance company, advanced after its treasurer said the
subprime slump is ``contained.''


Read more at Bloomberg Stocks News

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