U.S. stocks rally amid end-of-quarter buying

11:40 am ET Jun 29, 2007

DJIA

13,493

+71.53

S&P

1,513

+7.92

NASDAQ

2,622

+13.74

10Yr

5.07%

-0.052

U.S. stocks rally amid end-of-quarter buying

NEW YORK
U.S. stocks rallied Friday, with portfolio managers making last-minute
purchases as the first half of the trading year winds to a close, while
tame inflation data and Apple Inc.'s launch of the iPhone helped lift
sentiment.

Big challenge looms before Apple: How to replace an icon

SAN FRANCISCO
In the world of technology, the words "Apple" and "innovation" have
become practically synonymous. In one area, however, the maker of
personal computers and consumer electronic devices has shown an
inability to think different.