US Stocks Advance on M&A, Earnings; AG Edwards Shares Jump – Bloomberg- About: Stock Trading News
The Dow average yesterday reached its 25th closing high this year after the Federal Reserve reiterated its prediction that economic growth will pick up. The maker of computer-networking equipment had second-quarter profit and sales that topped analysts' estimates as phone companies including BT Group Plc boosted spending to make their systems faster. The company, which sells networking software and computer-consulting services, posted second-quarter profit, excluding some costs, of 5 cents a share. Homebuilders in S&P indexes retreated 1 percent as a group after the Office of Federal Housing Enterprise said house prices in the first quarter rose at the slowest pace in a decade. read more
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