Friday's early afternoon trade: market gains on dollar bets

Posted by 7Star Saturday, May 23, 2009

US stocks advanced on Friday on hopes that a weaker dollar would increase multinationals' profitability while Moody's reassuring comments eased some concerns about the US credit rating. Shares of McDonald's Corp gave the Dow its biggest boost. Shares of energy companies such as Chevron Corp also helped the broader market on bets that overseas demand would support energy prices.

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