Wednesday, January 9, 2008

U.S. Stocks Gain, Led by Technology, Health Care; Pfizer Rises

(Bloomberg) -- U.S. stocks gained after Hewlett- Packard Co. said it won't be hurt by an economic slowdown and Goldman Sachs Group Inc. told clients to buy drug companies.

Hewlett-Packard, the biggest personal computer maker, gained for the first time in nine days after its technology chief said sales of touch-screen products ``far exceeded'' company expectations. Johnson & Johnson, Pfizer Inc. and Merck & Co. rallied after Goldman analysts said some drugmakers will continue to grow earnings even as the economy slows.

 

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