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Stocks advanced on Monday as financial shares added to gains after bond insurer MBIA said quarterly revenue dropped less than it reported initially.
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Stocks were little changed on Monday as the dollar's rise helped to push oil prices lower, but gains were offset after Fedex Corp, a package delivery company seen as a barometer of economic activity, slashed its earnings forecast.
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Stocks rallied Monday morning as investors welcomed falling crude oil prices and some upbeat corporate news from Research in Motion and Sprint.
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Stocks edged higher on Monday as the dollar rose toward a two-month peak, helping push the price of oil below record highs and as Wal-Mart gained after a brokerage raised its price target.
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Stocks are up modestly in early trading, with a slightly lower price for oil easing some of the market's inflation worries.
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NEW YORK (Reuters) -Stocks were heading for a higher open on Monday as the dollar rose toward a two-month peak, helping push the price of oil back from record highs.
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U.S. stocks headed for a moderately higher open Monday as oil prices ticked lower and the dollar advanced.
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World stocks rose on Monday, supported by better-than-expected first-quarter results from HSBC which eased concerns about the banking sector, while the dollar rose towards last week's two-month peak.
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Stocks recovered earlier losses on Monday, with Japan rebounding as the yen fell against the dollar and boosted exporters, and Sydney rising 1 percent on optimism over a potential bank takeover.
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May 12 (Bloomberg) -- European stocks advanced for the first time in three days as takeover speculation lifted shares of U.K. retailers, while an oil discovery in the North Sea boosted the profit outlook for energy companies.
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