Author: Elena Todorova
123jump.com
Last Update: 12:21 PM EST March 14 2006
Stocks rose Tuesday, lifted by strong profit from Goldman Sachs and bigger-than-expected increase in business inventories. Financial and materials stocks rose after the Commerce Department said U.S. business inventories rose 0.4%. Goldman Sachs reported 64% rise in Q1 on 61% revenue growth, beating expectations. The stock rose 5.1%. The yield on the 10-year note continued to ease, down 4.71%, providing relief for the equity market.
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