U.S. stocks stage rally on inflation data, lower oil prices

Date: Fri, 13 Jun 2008 12:03:20 -0400
U.S. stocks stage rally on inflation data, lower oil prices

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 were little changed early Friday, capping the biggest increase
in short-term yields in nearly seven years, after a government report
showed consumer prices last month accelerated more than economists
forecast.

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.

Food Futures: Corn rises for seventh day to new record

Corn futures rise for a seventh straight day to a new record, as rain in
the Midwest raises concerns that the grain's production will be
reduced.

Lehman stock rallies as BlackRock reiterates support

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