U.S. stocks rise after economic data

11:40 am ET May 16, 2007

DJIA

13,409

+25.51

S&P

1,505

+4.56

NASDAQ

2,526

+1.16

10Yr

4.71%

0.000

U.S. stocks rise after economic data

NEW YORK
U.S. stocks rose Wednesday, as investors cheered stronger-than-expected
industrial production data, Bausch & Lomb's buyout by a private equity
firm.and speculation about a break-up of Citigroup Inc.

Economic Report: Building permits fall to 10-year low, but starts rise
2.5%

WASHINGTON
U.S. builders pulled back on filing for permits to build homes in April,
but started construction on more houses than they did in March, the
Commerce Department reported Wednesday.

Fed's Hoenig sees economy picking up

DENVER
Federal Reserve Bank of Kansas City President Thomas Hoenig on Tuesday
night said that he expected the first quarter would be the low point of
the U.S. economic slowdown and the economy would pick up from here.