* Geithner urges unity tackling euro zone's debt crisis
* United Technology lining up funds for big buy--sources
* Research In Motion tumbles after steep profit drop
* Indexes up: Dow 0.5 pct, S&P 0.3 pct, Nasdaq 0.3 pct
* For up-to-the-minute market news see [STXNEWS/US]
By Edward Krudy
NEW YORK, Sept 16 U.S. stocks rose for a fifth
day on Friday on hopes Europe was on course to solve its debt
problems, but investors warned of sharp reversals if real
solutions failed to materialize.
U.S. Treasury Secretary Timothy Geithner urged EU finance
ministers to leverage their bailout fund to better tackle the
debt crisis and to start speaking with one voice, but there was
no agreement on what steps to take.
"There are still a lot of open-ended issues out there,
which means this situation will remain pretty fluid," said Mark
Luschini, chief investment strategist at Janney Montgomery
Scott in Philadelphia. "All of what we just gained in the last
five trading sessions could be given back."
On Thursday stocks rallied as the world's leading central
banks agreed to boost short-term dollar funding for banks,
easing investor fears about the European financial system.
The Dow Jones industrial average .DJI gained 58.65
points, or 0.51 percent, to 11,491.83. The Standard & Poor's
500 Index .SPX gained 3.70 points, or 0.31 percent, to
1,212.81. The Nasdaq Composite Index .IXIC gained 8.36
points, or 0.32 percent, to 2,615.43.
The S&P 500 .SPX, up about 5 percent so far this week,
could post its best weekly performance since early July.
United Technologies Corp (UTX.N) is lining up financing for
a major acquisition in the United States, according to people
with direct knowledge of the matter.
The U.S. industrial conglomerate is tapping the credit
market for funds that could top $20 billion, said one of the
sources. Its shares slipped to $75.30. For details, see
U.S. consumer sentiment inched up in early September, but
Americans were gloomy about the future. A gauge of expectations
fell to its lowest level since 1980. [ID:nS1E78F0G4]
BlackBerry maker Research In Motion Ltd RIM.TORIMM.O
slid 19 percent to $24.08 a day after it reported a steep drop
in quarterly profit and offered little hope of a turnaround
General Electric Co (GE.N) gained 1.4 percent to $16.31
after forming two new joint ventures in Russia that the largest
U.S. conglomerate said on Friday could generate $10 billion to
$15 billion in new revenue over the next few years.
(Editing by Kenneth Barry)