While you were sleeping: Equities gain amid takeovers

Tue, 18 Nov 2014

By Margreet Dietz Nov. 19 (BusinessDesk) - Wall Street climbed, pushing the S&P 500 to a record high, as merger and acquisition activity helped underpin optimism that corporations still find value at these levels. In afternoon trading in New York, the Dow Jones Industrial Average added 0.25 percent, the Standard & Poor’s 500 Index gained 0.48 percent, while the Nasdaq Composite Index climbed 0.67 percent. The S&P 500 touched a record high 2,051.25. “Consumer and investor sentiment is pretty positive at the moment,” Omar Aguilar, the Sa...

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