Friday, 29 June 2007

US stock indexes rise on tame inflation

(Reuters) - U.S. stocks rose on Friday after a inflation gauge watched by the Federal Reserve showed its lowest reading since March 2004, putting the Dow industrials on track to end the quarter on a strong note.

Among top gainers, shares of Research In Motion Ltd. surged after the BlackBerry maker posted a quarterly profit above Wall Street estimates and announced a 3-for-1 share split. The results triggered a flood of brokerage upgrades. For details, see ID:nN2838412.


Read more at Reuters Africa

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