Wall Street held onto the day's highs through the afternoon to end with its best gains since March 1. The Nasdaq also set a new record close. Stocks rallied alongside European markets after the first round of the French election. Groupon (GRPN) stock was downgraded to UNDERWEIGHT from EQUAL WEIGHT at Morgan Stanley. Analysts noted the company is lacking advertising demand. Its price target was also lowered. Kimberly-Clark (KMB) reported a rise in net income, though adjusted earnings and sales came in below Wall Street estimates. Sales came in flat over the first quarter. The multinational also said it anticipates full-year sales growth of just 1% to 2%. Whole Foods (WFM) spiked this afternoon on reports Albertsons had held talks concerning a possible bid. Reports indicate the two have held preliminary talks, though no formal offer has been made.
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