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Stocks move higher on Wall Street following burst of deals - Black News Channel

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By ALEX VEIGA AP Business Writer Stocks are moving broadly higher on Wall Street in morning trading Monday as investors welcome news of several big corporate deals. The S&P 500 was up 1.6%, led by gains technology, health care and communication stocks. The gains reversed more than half of the benchmark index's losses from last week, when the S&P 500 posted its biggest weekly decline since June. Treasury yields were mixed. Nvidia jumped 6.4%, one of the biggest gainers in the S&P 500, after announcing plans to buy fellow chipmaker Arm Holdings in a deal worth up to $40 billion. […]

The post Stocks move higher on Wall Street following burst of deals appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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