U.S. stocks climb for foutth day on Dell profits, low inflation

Date: Fri, 30 May 2008 12:03:28 -0400

U.S. stocks climb for foutth day on Dell profits, low inflation

NEW YORK
U.S. stocks start trading slightly higher, trying to extend gains into a
fourth-day straight, as personal computer giant Dell Inc. reported
profits that exceeded forecasts and the government said a key gauge of
inflation was temperate in April.

Economic Report: Consumer sentiment sinks as inflation worries grow:
survey

U.S. consumer sentiment drops to the lowest level in 28 years in May as
worries about inflation grow, according to the University of
Michigan/Reuters consumer sentiment index.

Economic Report: Inflation wipes out income gains in April

Inflation erases all the gains in disposable personal income in April,
while consumer spending is flat after adjusting for higher prices.

Futures Movers: Crude-oil futures regain some ground as traders eye
storms

Crude oil futures gain back some ground, with traders keen to boost
positions ahead of the weekend and before the official start of
hurricane season next week.