Monday, June 4, 2007

U.S. Stocks Rise on M&A, Oil Prices; Solectron, Chevron Shares Lead Gains

(Bloomberg) -- U.S. stocks rose, erasing an initial
drop, after acquisitions boosted technology shares and a jump in
oil prices lifted energy producers.

Solectron Corp. jumped the most in the Standard & Poor's 500
Index after the electronics manufacturer agreed to be acquired by
rival Flextronics International Ltd. for $3.6 billion. Oil
companies, led by Chevron Corp., contributed the most to the rise
in the Standard & Poor's 500 Index.


Read more at Bloomberg Stocks News

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