While you were sleeping: Stocks rally amid deals

Mon, 30 Mar 2015

By Margreet Dietz March 31 (BusinessDesk) - Equities rallied amid a flurry of corporate takeovers as well as comments from China’s central bank governor that the government plans to bolster the economy and stoke inflation. In afternoon trading on Wall Street, the Dow Jones Industrial Average rallied 1.5 percent, the Standard & Poor’s 500 Index climbed 1.3 percent, while the Nasdaq Composite Index added 1.1 percent. “Comments from [Fed Chair Janet] Yellen as well as the Bank of China are driving equity markets higher again,” Teis Knuths...

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