Bulls Make Late Move to Send Wall Street Higher

BlackBerry maker Research In Motion (RIMM Quote) cut its third-quarter revenue and earnings-per-share forecasts, saying a stronger dollar and weaker U.S. economy would hurt its results. The stock nonetheless rose 4.4% to $38.96.

On the merger front, Electricite de France said it was planning to issue a bid of $4.5 billion for U.S. power company Constellation Energy (CEG Quote). Constellation shares soared 10% to $27.70.

Shifting to commodities, crude oil lost 17 cents to settle at $46.79 a barrel. Gold fell $12.80 to $770.50 an ounce.

Longer-dated U.S. Treasury securities were falling in price. The 10-year note was down 2/32 to yield 2.68%, and the 30-year was losing 8/32 to yield 3.19%. The dollar was rising vs. the euro and pound but falling against the yen.

European exchanges, such as the FTSE in London and the DAX in Frankfurt, were gaining ground. Asian markets, including Japan's Nikkei and Hong Kong's Hang Seng, finished on the upside.

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