Thursday, 12 July 2007

Stocks surge as retail sales offset oil rise

(Reuters) - The gains in equities, however, took a toll on bonds as investors returned to riskier securities, curbing the safe-haven bid that had lifted Treasuries earlier in the week and pushing benchmark yields to 5.12 percent.




The good news from retailers on monthly sales figures and merger activity in the mining sector drove up the Dow up more than 1 percent to a record high of 13,744.59 points and pushed the Nasdaq to a more than six-year high.


Read more at Reuters.com Hot Stocks News

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