After straddling the flat line for the majority of the day, stocks closed little changed in yet another day of thin trading on Wall Street. One the economic front, euro zone’s disappointing fourth-quarter GDP figure greatly overshadowed better-than-expected domestic labor news. Meanwhile, investors digested a flurry of M&A activity from several bellwether companies. Warren Buffett’s Berkshire Hathaway and private-equity firm 3G Capital announced it will acquire H.J. Heinz (HNZ), whose shares soared nearly 20% following the news. US Airways Group (LLC), however, tumbled after the company and American Airlines formally announced merger plans. Also, Anheuser-Busch InBEV said it will sell Grupo Modelo’s U.S. assets to Constellation Brands (STZ) [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Little Changed Despite M&A Activity Despite today’s multiple M&A deals, U.S. equity indexes closed mixed on the day. The tech-heavy Nasdaq ETF inched 0.03%, though its underlying index closed up 0.06%. The Dow Jones Industrial [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Dragged By Energy In Lackluster Session Daily ETF Roundup: S&P 500 Tops 1500 Daily ETF Roundup: Stocks End Mixed Daily ETF Roundup: Stocks Rally Ahead of Obama’s State of the Union Daily ETF Roundup: Stocks End Lower After Volatile Session
After straddling the flat line for the majority of the day, stocks closed little changed in yet another day of thin trading on Wall Street. One the economic front, euro zone’s disappointing fourth-quarter GDP figure greatly overshadowed better-than-expected domestic labor news. Meanwhile, investors digested a flurry of M&A activity from several bellwether companies. Warren Buffett’s Berkshire Hathaway and private-equity firm 3G Capital announced it will acquire H.J. Heinz (HNZ), whose shares soared nearly 20% following the news. US Airways Group (LLC), however, tumbled after the company and American Airlines formally announced merger plans. Also, Anheuser-Busch InBEV said it will sell Grupo Modelo’s U.S. assets to Constellation Brands (STZ) [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Little Changed Despite M&A Activity Despite today’s multiple M&A deals, U.S. equity indexes closed mixed on the day. The tech-heavy Nasdaq ETF inched 0.03%, though its underlying index closed up 0.06%. The Dow Jones Industrial [...]
Click here to read the original article on ETFdb.com.
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