Following a three-day Presidents Day holiday weekend, bullish momentum reemerged on Wall Street as continued reports of corporate deal-making bolstered investor confidence. On the M&A front, shares of OfficeMax (OMX) and OfficeDepot (ODP) rallied after news that the two companies are reportedly in advanced talks to merge in a stock-for-stock deal hit the street. No major domestic economic news was reported today, though the German ZEW survey’s economic expectations index for February came in better-than-expected [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Close Higher On More M&A Deals With rising optimism for more M&A deals, all three major U.S. equity indexes closed in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.37% gain, as its underlying index finished above the psychologically-important 14,000 level. The S&P 500 ETF rose 0.75%, while the tech-heavy Nasdaq ETF jumped 0.72%. In Europe, markets were mostly higher, bolstered by a better-than-expected reading [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: S&P 500 Tops 1500 Daily ETF Roundup: Stocks End Mixed, S&P Posts Seventh Weekly Gain Daily ETF Roundup: Stocks Little Changed Despite M&A Activity Daily ETF Roundup: Stocks End Mixed Daily ETF Roundup: Stocks Rally Ahead of Obama’s State of the Union
Following a three-day Presidents Day holiday weekend, bullish momentum reemerged on Wall Street as continued reports of corporate deal-making bolstered investor confidence. On the M&A front, shares of OfficeMax (OMX) and OfficeDepot (ODP) rallied after news that the two companies are reportedly in advanced talks to merge in a stock-for-stock deal hit the street. No major domestic economic news was reported today, though the German ZEW survey’s economic expectations index for February came in better-than-expected [Be sure to check out the real estate news, trends, tips and tricks over at Dividend.com]. Global Market Overview: Stocks Close Higher On More M&A Deals With rising optimism for more M&A deals, all three major U.S. equity indexes closed in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.37% gain, as its underlying index finished above the psychologically-important 14,000 level. The S&P 500 ETF rose 0.75%, while the tech-heavy Nasdaq ETF jumped 0.72%. In Europe, markets were mostly higher, bolstered by a better-than-expected reading [...]
Click here to read the original article on ETFdb.com.
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