Monday, 02 July 2007

US stock indexes rally on M&A frenzy, factory growth

(Reuters) - U.S. stocks rallied on Monday, the first day of the third quarter, boosted by a fresh round of takeover activity and data showing a pickup in manufacturing in June.

Caterpillar Inc. and United Technologies Corp. led the Dow industrials higher after a surprising rise in the Institute for Supply Management's factory index to its highest level in more than a year.


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