US STOCKS-Wall St rises on Fannie, Freddie rescue plan
14 Juli 2008 20:30:48 (GMT+07:00)
Provided by: Reuters News
(Updates to open)
NEW YORK, July 14 (Reuters) - U.S. stocks opened higher on Monday, buoyed by
the government's rescue plan for mortgage finance companies Fannie Mae
<FNM.N> and Freddie Mac <FRE.N> and optimism about a $52 billion deal to
acquire No. 1 U.S. brewer Anheuser-Busch Cos Inc <BUD.N>. The Dow Jones
Industrial average <.DJI> rose 130.76 points, or 1.18 percent, to 11,231.30.
The Standard & Poor's 500 Index <.SPX> gained 13.54 points, or 1.09 percent,
to 1,253.03. The Nasdaq Composite Index <.IXIC> climbed 26.24 points, or
1.17 percent, to 2,265.32.
(Reporting by Deborah Jian Lee; Editing by Kenneth Barry)
