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Dow Claws Back Above 10,000; S&P Closes Up

Stocks in this article: KFT HD BP

Company News

Home Depot (HD) and Alcoa (AA) were two of a handful of Dow components that closed higher, while Kraft Foods (KFT), Chevron (CVX), and Coca-Cola (KO) were the biggest drags.

On the New York Stock Exchange, AAR (AIR), a products and services provider to aviation and defense industries, was the weakest-performing stock, followed by Navios Maritime Acquisition (NNA).

AutoZone (AZO) made gains after beating analysts' estimates with a third-quarter profit of $4.12 a share and sales that rose 9.9%, to $1.82 billion. The stock added $10.32, or 5.6%, to $194.57.

Dynegy (DYN), USEC (USU) and AK Steel (AKS) also made gains, putting in the best performance on the NYSE.

In its continuing efforts to stop the oil leak in the Gulf of Mexico, BP (BP) is now planning a "top kill" operation under which it will inject heavy drilling fluids into the well to stem the flow of oil and gas.

Yahoo! (YHOO) acquired Koprol, a Jakarta, Indonesia-based social networking site.

Dell (DELL) said its Streak, a five-inch Android-based Tablet, will go on sale across the U.K. early next month and in the U.S. later in the summer.

Microsoft (MSFT) said Entertainment and Devices Division head Robbie Bach will retire in the fall, according to a press release issued today. J Allard, senior vice president of Design and Development in the division, will also be leaving Microsoft, though the company says he will take on an adviser role for CEO Steve Ballmer.

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DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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