U.S. stocks rally on Friday as inflation fears abate

Date: Fri, 13 Jun 2008 17:04:19 -0400
U.S. stocks rally on Friday as inflation fears abate

U.S. stocks surge, boosted by a rising dollar and a drop in crude-oil
prices as the latest data on consumer prices bring relief.

Bond Report: Treasurys cap worst week since 2001 on inflation risks

Treasurys decline, with two-year debt yields notching the biggest weekly
gain in almost seven years.

Economic Report: CPI up 0.6% in May on back of surging energy costs,
U.S. says

U.S. consumer prices rise at the fastest pace in six months, as the
government's data tracking retail-level inflation for May get a boost
from surging energy costs.

Lehman adds 9%, on track to first up day in a week

Shares of Lehman turn around as investors buy into notion the firm might
be a buyout target or find some other way to sort out its future.