The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after two major deals were announced. The broad market S&P 500 gained 0.36% to end the day at 6,740.28, while the tech-heavy Nasdaq advanced 0.71% to finish at 22,941.67. The Dow Jones Industrial Average, however, fell 63.31 points, or 0.14%, to close at 46,694.97, weighed down by a decline in shares of Sherwin-Williams and Home Depot. The S&P 500 and Nasdaq saw a boost from AMD jumping almost 24% after the company reached a deal with Sam...
The S&P 500 and Nasdaq 100 extended record closes on Monday, rising 0.4% and 0.8%, fueled by AI-related dealmaking that boosted investor sentiment despite the US government shutdown entering its second week. The Dow Jones slipped 65 points, dragged down by Home Depot and Verizon. AMD surged 23.7% after announcing a multiyear deal to supply AI chips to OpenAI, with an option for the company to acquire up to 10% of AMD, fueling optimism for broader M&A activity. Comerica jumped 13.7% following a $10.9 billion all-stock acquisition agreement with Fifth Third Bancorp. Investors largely...
Japanese stocks rise due to growing hopes that newly elected ruling-party leader Sanae Takaichi will take more aggressive fiscal steps to stimulate the economy. Heavy-industry and real-estate stocks lead gains. IHI rises 5.3% and Sumitomo Realty & Development is 4.6% higher. USD/JPY is at 150.43, compared with 150.13 as of Monday's Tokyo stock market close. Investors are closely watching any details of Takaichi's policy steps. The Nikkei Stock Average is up 1.1% at 48470.54. Source : Marketwatch