NEW YORK - Amazon.com Inc. was the biggest gainer on the Standard & Poor's 500 Index at midday Monday, after a Goldman Sachs analyst moved the Web-based retailer to a conviction list and said he expects the stock to gain 28 percent in the next six months.
Meanwhile, investors were bolstered by news that Microsoft Corp. renewed talks with Yahoo Inc. after the companies failed to agree on buyout terms several weeks ago.
The S&P 500 rose 10.44 points to 1,435.79.
Goldman's James Mitchell added Amazon to the bank's "Americas Conviction Buy List" and raised his price target to $98 from $75 in a note to investors, saying he expects Amazon to sustain revenue expansion. Shares rose $7.65, or 10 percent, to $84.09.
Shares of building materials supplier Vulcan Materials Co. added $6.50, or 8.3 percent, to $83.93.
Shares of Titanium Metals Corp. climbed $1.11, or 6.1 percent, to $19.34.
Among the decliners, Campbell Soup Co. shares slipped after the company reported its third-quarter profit excluding the sale of its Godiva Chocolatier brand fell due to higher ingredient costs. The stock lost $1.89, or 5.3 percent, to $34.04.
Shares of student loan provider SLM Corp. fell $1, or 4.7 percent, to $20. The stock has lost nearly two-thirds of its value from a 52-week high of $58.
And shares of electronics retailer RadioShack Corp. gave up 70 cents, or 4.4 percent, to $15.12.

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