02-22-2010, 10:40 AM
|
 | | | Join Date: Aug 2009
Posts: 3,382
| |
 Wall Street rises on M&A, earnings
NEW YORK (Reuters) – U.S. stocks rose at the open on Monday after Schlumberger agreed to buy Smith International for $11.34 billion in stock and Lowe's Co posted better-than-expected earnings, indicating increased confidence among corporate managers and consumers.
The Dow Jones industrial average (.DJI) added 27.96 points, or 0.27 percent, to 10,430.31. The Standard & Poor's 500 Index (.SPX) rose 3.12 points, or 0.28 percent, to 1,112.29. The Nasdaq Composite Index (.IXIC) gained 7.57 points, or 0.34 percent, to 2,251.44.
|
Linear Mode
