Monday, July 9, 2007

US STOCKS-Buybacks, earnings forecasts buoy indexes

(Reuters) - NEW YORK, July 9 - U.S. stocks rose on Monday on
growing optimism about second-quarter earnings and plans by
Johnson & Johnson and ConocoPhillips to buy
back their own shares.




J&J gained 1 percent after the health-care company
announced plans for a $10 billion share buyback.
ConocoPhillips, which nearly quadrupled its repurchase plan to
$15 billon, rose 3.7 percent.


Read more at Reuters.com Bonds News

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