U.S. stocks rally as yields drop; Dow has best day of 2007

4:30 pm ET Jun 13, 2007

DJIA

13,482

+187.34

S&P

1,515

+22.67

NASDAQ

2,582

+32.54

10Yr

5.20%

-0.048

U.S. stocks rally as yields drop; Dow has best day of 2007

NEW YORK
U.S. stocks rallied Wednesday, with the Dow Jones Industrial Average
gaining over 180 points for its best one-day gain of 2007, after an
economic survey suggesting moderate growth and little inflation helped
bond yields back off 5-year highs.

Senate picks up ball on China currency

WASHINGTON
Saying that the Bush administration has dropped the ball in its battle
to get China to strengthen its currency versus the dollar, a key group
of Senators unveiled a new approach on Wednesday to deal with foreign
currency concerns.

Economic Report: U.S. economy growing at moderate pace, Fed's Beige Book
says

WASHINGTON
The economy continued to expand at a moderate pace in most regions of
the country, the Federal Reserve said Wednesday in its occasional Beige
Book report on the economy.