Dow Ends Day Up 77

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Oct 24, 2016 3:16 PM CDT
Specialists Dilip Patel, foreground left, and Patrick Murphy, foreground right, work on the floor of the New York Stock Exchange, Monday, Oct. 17, 2016. Stocks are opening slightly lower on Wall Street,...   (AP Photo/Richard Drew)

(Newser) – Stocks are closing higher on Wall Street as traders were encouraged by a big batch of corporate deals, the AP reports. B/E Aerospace soared 16% Monday after agreeing to be acquired by Rockwell Collins. T-Mobile jumped 9.5% after reporting a quarterly profit that was much higher than analysts were expecting. AT&T fell 1.7% and Time Warner lost 3% after announcing a deal over the weekend to combine. The tie-up is sure to face close scrutiny from regulators. The Dow Jones industrial average rose 77 points, or 0.4%, to 18,223. The Standard & Poor's 500 index gained 10 points, or 0.5%, to 2,151. The Nasdaq composite climbed 52 points, or 1%, to 5,309. (Read more Dow Jones stories.)

My Take on This Story
Show results without voting  |