U.S. stocks higher; deal flow, earnings in view

11:40 am ET Jul 23, 2007
U.S. stocks higher; deal flow, earnings in view

DJIA

13,959

+108.85

S&P

1,545

+11.43

NASDAQ

2,701

+14.12

10Yr

4.96%

+0.008

NEW YORK
U.S. stocks pulled higher Monday, drawing support from above-forecast
results from Schering-Plough Corp. and Merck & Co. and merger news in
the financial, oil-drilling and equipment-rental sectors. See full
story.

Merck posts 12% growth in quarterly profit; 2007 target lifted

BOSTON
Merck & Co. generated 12% growth in second-quarter profit, its
performance powered by strong sales of such products as asthma drug
Singulair and new vaccines RotaTeq and Gardasil.