U.S. stocks strong on chip sales, Aussie bank

Date: Tue, 06 Jul 2010 12:00:53 -0400

U.S. STOCKS STRONG ON CHIP SALES, AUSSIE BANK
U.S. stocks rose Tuesday, boosted by bullish comments from Australia's
central bank and reports that global chip sales rose 4.5% in May from
the prior month.

U.S. SERVICE SECTOR WEAKENS A BIT IN JUNE
The service sector of the U.S. economy continued to grow in June, but
at a slower pace, according to a survey of companies released by the
Institute for Supply Management.

TREASURYS TURN UP AGAIN AFTER ISM SERVICES DATA
Treasury prices turn higher after a brief turn down, as traders eye
stock-market gains.

BP'S NEW YORK-LISTED SHARES EXTEND BOUNCE
BP's New York-listed shares extended gains Tuesday, reflecting hopes
that the oil giant's battered shares may discount the costs of the
Gulf of Mexico oil spill and attract new holders.