U.S. stocks rise amid more deal news

11:40 am ET May 23, 2007

DJIA

13,583

+43.72

S&P

1,530

+6.32

NASDAQ

2,596

+8.56

10Yr

4.85%

+0.014

U.S. stocks rise amid more deal news

NEW YORK
U.S. stocks rose firmly on Wednesday, sending the Dow Jones Industrial
Average to a new record high, as a stream of deal making news continued
to fuel buying interest, this time with speculation in the metals sector
after Alcan Inc. rejected Alcoa Inc.'s hostile bid.

Credit cards, margins drive 18% rise in Target profit

CHICAGO
Discount retailer Target Corp. on Wednesday reported an 18% rise in
quarterly net profit thanks to strength in its credit card business and
improved margins.