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Market Update : 
Steel, Techs Lift NY; Dollar Record Low
Author: 123jump.com Staff
123jump.com
Last Update: 4:22 PM EDT July 11 2007

Late afternoon rally in New York trading lifted averages on the optimism on earnings. YUM! Brands surged 5% ahead of earnings. Chicago Merc, Intercontinental Exchange, NYSE Euronext, and Nymex gained between 3% and 7%. Dollar traded at a record low against euro and 26-year low against pound, dragging all European markets lower. American unit of Brazil based Gerdau bought Chaparral Steel for $4.2 billion. Infosys declined after earnings.

 

 

 
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