U.S. stocks swing higher on mergers, data, lower yields

4:30 pm ET Jul 2, 2007

DJIA

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NASDAQ

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10Yr

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-0.035

U.S. stocks swing higher on mergers, data, lower yields

NEW YOR
U.S. stocks rallied on Monday, the start of the second half, catapulted
by relief over a drop in Treasury yields, data showing unexpected
strength in the nation's manufacturing sector and merger news, including
a $49 billion takeover of Canadian telecom carrier BCE.

Bond Report: Treasury yields close at more than three-week low

NEW YORK
Treasury prices closed higher Monday and yields retreated to three-week
lows as investors overlooked accelerated U.S. manufacturing to focus on
trouble in the subprime mortgage market and the possibility of terrorist
activity.

Research In Motion continues rally in face of iPhone competition

SAN FRANCISCO
Investors maintained their love of Research In Motion, sending the
shares up another 7% Monday after a sharp gain before the weekend that
tacked on more than $6 billion to the company's market cap.

Economic Report: U.S. factory sector strengthens further in June, ISM
data show

WASHINGTON
The nation's manufacturing firms were growing at a brisk pace in June,
further evidence that the economy has brushed off a temporary setback
caused by excessive inventories of unsold goods, according to a closely
followed survey of top executives released Monday.