While you were sleeping: Pfizer deal, oil lift Wall Street

Thu, 05 Feb 2015

By Margreet Dietz Feb. 6 (BusinessDesk) - Wall Street gained along with the price of oil and shares of Pfizer after it agreed to buy Hospira for about US$15 billion, while the latest US jobs data offered more evidence of strength in the American economy. US crude prices jumped more than 6 percent on Thursday, following a drop of almost 9 percent on Wednesday. In afternoon trading in New York, the Dow Jones Industrial Average climbed 0.86 percent, the Standard & Poor’s 500 Index advanced 0.65 percent, while the Nasdaq Composite Index...

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