Stocks Rise on Buyout News
Stocks moved sharply higher to start off the week after new merger
and acquisition activity. Today’s M&A deals took place in a wide
variety of market sectors. These included oil drilling, equipment
rental, and technology. Better-than-expected earnings from Merck
and Schering-Plough also helped the indices move higher.
Crude oil futures for August delivery fell
1.2% to $74.89 a barrel after reports came out that OPEC may
increase output to meet global demands. Gold futures for
August delivery fell 0.5% to $681.50 an ounce.
Around Europe, Germany’s DAX index rose 0.9% to 7,944.21, France’s
CAC 40 index gained 0.9% to 6,009.16, and Britain’s FTSE 100 index
added 0.6% to 6,624.40.
TradingMarkets subscribers have access to
16 quantitative
stock indicators and another
17 quantitative market bias indicators. These indicators are derived from
our proprietary database that includes millions of trades, and designed to give
you a short-term trading edge.
Each day, we provide free open access to one of these proprietary stock
indicators. If you would like to access all 16 stock indicators, 17 market bias
indicators, along with many other tools, click here for a free
7-day TradingMarkets trial.
Stocks in Motion |
|
 |
| Market Snapshot | ||||||||||||||||||||||||||||||||||||||||||||
|
|
Strongest/Weakest Sectors |
||||||||
|
Â
Economic News |
|
|
Darren Wong
Associate Editor
darrenw@tradingmarkets.com
Join TradingMarkets Director of Education, Steve Primo, as he teaches a
number of quantitative strategies that can potentially give you an edge in your
trading.
Sign up now for one of our free training classes and start learning how to
become a better trader.
Â