U.S. stocks rally; Dow ends at record amid flurry of deals

4:30 pm ET May 18, 2007

DJIA

13,556

+79.81

S&P

1,522

+10.00

NASDAQ

2,558

+19.07

10Yr

4.80%

+0.048

U.S. stocks rally; Dow ends at record amid flurry of deals

NEW YORK
U.S. stocks rallied on Friday, sending the Dow Jones Industrial Average
to a new record high and the broad S&P 500 Index near its all-time high
amid a flurry of takeover activity.

Microsoft to acquire aQuantive for $6 bln, an 85% premium

NEW YORK
Microsoft Corp. on Friday agreed to pay $6 billion in cash for Internet
marketing firm aQuantive, extending the software giant's reach into
online advertising and giving it more ammunition in its fight with
Google Inc.

China widens range that yuan can rise against dollar

NEW YORK
The People's Bank of China on Friday said it's widening the trading band
for the yuan, hiking interest rates and increasing banks' reserve
requirements, as authorities act to cool the red-hot stock market and
lessen pressure from disgruntled trading partners such as the United
States.