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Apple, Credit Suisse Spark Broad Rally |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:43 PM EDT April 24 2008
U.S. stock market averages rose after a rally in financials, insurance and select tech stocks. Apple lifted tech stocks after it reported sharply higher sales and earnings. Credit Suisse reported higher than expected loss but said for now it does not need to reaise capital. Merrill Lynch is not planning to cut its dividend. T Rowe Price, Aflac and Travelers rose after earnings. In Asia China surged 9% and Switzerland led gainers in Europe. |
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