Japanese Stocks Drop on U.S. Retailers' Profit Concerns, Yen's Strength

(Bloomberg) -- Japanese stocks declined after profit
warnings from U.S. retailers increased concern the housing slump
is spreading to other parts of the economy. Toyota Motor Corp.
was poised to drop as selling pressure on exporters was amplified
by the second-biggest jump in the yen this year.

Standard & Poor's 500 Index fell 1.4 percent, its worse
decline in a month. Companies such as Sears Holdings Corp. and
Home Depot Inc. said yesterday profits may drop as sales decline,
indicating that a weak housing market and rising defaults on
subprime loans may be affecting consumer spending.


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Treasuries Little Changed Before Fed Report Expected to Show Factory Gain

(Bloomberg) -- Treasuries were little changed
before a Federal Reserve report forecast by economists to show a
pickup in manufacturing that may trigger faster inflation.

Benchmark 10-year notes have underperformed two-year debt,
signaling investors expect higher consumer prices. About $27
billion of U.S. corporate bond sales so far this week by
companies including Home Depot Inc. and First Data Corp. also
weighed on Treasuries.


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U.S. Stock-Index Futures Fall on Rising Yields, Oil; Home Depot Declines

(Bloomberg) -- U.S. stock-index futures fell after
bond yields climbed for a second day and the price of crude oil
approached $70 a barrel.

Home Depot Inc., the world's largest home-improvement
chain, and Nokia Oyj, the biggest maker of mobile phones,
dropped after analysts cut their recommendations on the shares.


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CORRECTED - US STOCKS-Indexes rise on Home Depot buyback, GE advance

(Reuters) - NEW YORK, June 20 - U.S. stocks rose on Wednesday
as Home Depot Inc.'s plan for a $22.5 billion share
buyback underscored optimism about equity valuations, along
with the growing allure of large-cap stocks, including General
Electric Co. .




Home Depot shares led advances on both the Dow and the S&P
500, with a gain of more than 6 percent, while shares of
diversified manufacturer GE climbed 0.7 percent.


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U.S. Stock-Index Futures Rise; Home Depot, Google, Yahoo Gain in Europe

(Bloomberg) -- U.S. stock-index futures advanced as
Treasury yields declined for a fourth day.

Home Depot Inc. rose after the world's largest home-
improvement retailer agreed to sell a unit and announced a share
buyback. Google Inc., owner of the world's most-used Internet
search engine, gained after Microsoft Corp. agreed to modify its
Vista operating system to address Google's complaints.


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U.S. Stock-Index Futures Fall; Home Depot, Microchip Decline in Europe

(Bloomberg) -- U.S. stock-index futures fell before
a housing report that may show the real-estate slump will
continue to weigh on economic growth.

Home Depot Inc., the world's largest home-improvement chain,
slipped in Europe. Microchip Technology Inc. dropped after the
maker of microcontrollers and analog chips cut its fiscal first-
quarter sales forecast.


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U.S. Stocks Rally After Measure of Consumer Prices Slows; Intel Advances

(Bloomberg) -- U.S. stocks rallied for a third day
after a measure of consumer prices increased less than forecast
in May, easing inflation concern.

Intel Corp., Home Depot Inc. and General Motors Corp. led
the advance. Nymex Holdings Inc. surged after two people
familiar with the discussions said the largest energy market is
exploring a sale.


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