Stocks rose for a second session, as energy and natural-resource companies rebounded along with commodities, but concerns how long Wall Street’s eight-month rise could last remained. McDonald’s added 0.8% after the fast-food chain reported a rise in global sales in April. Tech stocks managed to stay in positive territory, despite a drop in Intel. Apple inched higher, as the co. has overtaken Google as the world’s most valuable brand, according to a study by Millward Brown. Nvidia rose 2.2% after the co. unveiled a plan to buy Icera.
Tuesday, May 10, 2011
Higher on rebound in oil
Stocks rose for a second session, as energy and natural-resource companies rebounded along with commodities, but concerns how long Wall Street’s eight-month rise could last remained. McDonald’s added 0.8% after the fast-food chain reported a rise in global sales in April. Tech stocks managed to stay in positive territory, despite a drop in Intel. Apple inched higher, as the co. has overtaken Google as the world’s most valuable brand, according to a study by Millward Brown. Nvidia rose 2.2% after the co. unveiled a plan to buy Icera.
