U.S. stocks rise as yields drop after upbeat retail sales

11:40 am ET Jun 13, 2007

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U.S. stocks rise as yields drop after upbeat retail sales

NEW YORK
U.S. stocks rallied Wednesday, bouncing back from a slide in the
previous session and sending the Dow Jones Industrial Average up 100
points, as bond yields backed off from 5-year highs while strong May
retail sales lifted hopes about the shape of the U.S. economy.

Futures Movers: Gasoline, crude futures rise as U.S. refinery activity
slows

SAN FRANCISCO
Reformulated gasoline futures recovered from a seven-week low and
crude-oil prices neared $66 a barrel Wednesday after a U.S. government
report showed that refinery activity declined last week and gasoline
supplies failed to climb for the first time in six weeks.