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Stocks
Telecom Shares Finish First in May
(MONEY Magazine) – The major stock market indexes were mixed in May as small-company shares fell 1.1% but big stocks saw gains. Despite a string of losses late in the month, the Dow rose 2.9%, aided by positive results at Verizon. Shares of the phone giant leaped 13.1% as analysts upgraded the widely held stock, citing better than expected revenues. The boost also helped the S&P's Telecom services sector finish first, with a 7% surge. S&P 500 SECTOR AVERAGES TOP-PERFORMING STOCKS BENCHMARKS S&P 500 RATIOS P/E 18.3 DIVIDEND YIELD 1.80% HIGHEST-YIELDING DOW STOCKS MOST WIDELY HELD STOCKS NOTES AND SOURCES: Unless otherwise noted, data as of May 24 from Lipper, New York; 877-955-4733. Index levels from Bloomberg. Bond index data from Lehman Brothers. Stock data from Thomson/Baseline. Monthly S&P 500 ratios from Standard & Poor's. Ratios are based on previous four quarters of earnings. Top-Performing Stocks limited to companies with market capitalization of at least $500 million. Most Widely Held Stocks ranked by largest accounts at Merrill Lynch. ¹Annualized. ²Price change only. From the July 1, 2007 issue
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