(Bloomberg) -- U.S. stocks advanced after Home
Depot Inc. said it will buy back as much as $22.5 billion in
stock and Morgan Stanley posted record second-quarter profit.
Home Depot surged the most in four years and led retailers
to the steepest gains in the Standard & Poor's 500 Index after
the world's largest home-improvement chain agreed to sell its
contractor-supplies unit for $10.3 billion and announced the
share buyback. Morgan Stanley, the No. 2 securities firm,
climbed after earnings increased 40 percent, beating estimates.
Read more at Bloomberg Stocks News
Depot Inc. said it will buy back as much as $22.5 billion in
stock and Morgan Stanley posted record second-quarter profit.
Home Depot surged the most in four years and led retailers
to the steepest gains in the Standard & Poor's 500 Index after
the world's largest home-improvement chain agreed to sell its
contractor-supplies unit for $10.3 billion and announced the
share buyback. Morgan Stanley, the No. 2 securities firm,
climbed after earnings increased 40 percent, beating estimates.
Read more at Bloomberg Stocks News
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