Dow Up 124 on Revitalized M&A
Xerox, J&J announce new acquisitions
By Nick McMaster,  Newser Staff
Posted Sep 28, 2009 3:18 PM CDT
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – High-profile deals breathed fresh life into stocks today, snapping a 3-day losing streak. Xerox will buy outsourcing company Affiliated Computer Services for $6.4 billion, and Johnson and Johnson bought biotech firm Crucell for $442.7 million. Barring sharp losses in the days ahead, this quarter will have seen the biggest gains in over 10 years. The Dow rose 124.17 points to close at 9,789.36. The Nasdaq gained 439.82, settling at 2,130.74, while the S&P 500 added 18.60 to close at 1,062.98.