Stocks Rally on M&A Deals
Nasdaq leads major indices gaining 1.5%. Crude oil futures
trade lower by 1.6% to $62.44.
Bank Of New York
(
BK |
Quote |
Chart |
News |
PowerRating), Mellon Financial
(
MEL |
Quote |
Chart |
News |
PowerRating) To Merge (full
story). BK shares gain 11%, while MEL shares rise by nearly 7%.
Las Vegas Sands
(
LVS |
Quote |
Chart |
News |
PowerRating) Inks Deal With Cantor Gaming To Launch Online
Gaming Site To Serve UK Market (full
story). LVS shares jump by nearly 7%.
Walgreen
(
WAL |
Quote |
Chart |
News |
PowerRating)
Nov. Comp. Rises 9.3%; Q1 Sales Up 16.6%, Beats Estimate (full
story). WAG shares close higher by 5%.
Pfizer
(
PFE |
Quote |
Chart |
News |
PowerRating)
Halts All Torcetrapib Trials; Backs Outlook Until 2009, Shares Drop In
Pre-Market (full
story). PFE shares drop nearly 11%.
Gold Kist
(
GKIS |
Quote |
Chart |
News |
PowerRating)
Agrees To Pilgrim’s Pride
(
PPC |
Quote |
Chart |
News |
PowerRating) Sweetened Bid Of $21 A Share (full
story). GKIS shares rise by 4%, while PPC shares jump nearly 10%.
LSI Logic
(
LSI |
Quote |
Chart |
News |
PowerRating) To Merge With Agere Systems
(
AGR |
Quote |
Chart |
News |
PowerRating) In $4
Bln All-stock Deal; To Repurchase $500 Mln Stock (full
story). LSI shares drop over 12%, while AGR shares jump 8%.
For more stories as they happen, go to our Breaking News section.
|
Dow | +89.64 | 12,283.77 |
| Nasdaq | +35.18 | 2,448.39 |
|
S&P 500 | +12.41 | 1,409.12 |
|
NYSE |
| |
|
Volume | 2,722,956,000 | 1,923,115,000 |
|
Advances | 2501 | 2093 |
|
Declines | 804 | 965 |
|
Up Volume | 106 | 125 |
|
Down Volume | 749 | 358 |
|
New Highs | 473 | 190 |
|
New Lows | 6 | 34 |
| Strongest Sectors | Weakest Sectors |
|
PHLX Semiconductor Index (SOX) | Deutsche Bank Energy Index (DXE) |
Amex Securities Broker Dealer Index (XBD) | Amex Pharmaceutical Index (DRG) |
Nasdaq Other Finance Index (OFIN) | PHLX Oil and Gas Services Sector Index (OSX) |
No economic reports released today.
Darren Wong
darrenw@tradingmarkets.com
Use our most popular trading tool to find out how your stocks will move in the next 5 days.
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