US stocks gain broadly after Intel deal for chip designer

0
26

PANews_P-bc906821-4137-4554-8ced-e07766b33b48_I1

By Bernard Condon

Stocks rose on Monday after the release of some encouraging economic data and news of a big acquisition in the semiconductor industry.

The gains were modest, but broad. Eight of the 10 industry sectors in the Standard and Poor’s 500 index ended higher, led by industrial stocks with a gain of 0.4 percent.

The biggest gainer in the S&P 500 was chip designer Altera, the target of a $17 billion cash offer by giant chip-maker Intel. Altera jumped $2.83 to $51.68, a 6 percent gain. Companies have been combining at a rapid clip, helping to boost stocks in the seventh year of the bull market.

“Read the Full Article at www.washingtonpost.com >>>>”

SHARE
Previous articleSanders packs gym, stairwells in Iowa City
Next articleEuro Surges on Greek Hopes, Inflation

Arnaldo Rodgers is an educated Psychologist and works as a Elementary grade teacher and counselor. He is also editor of Veterans News Now and reports on all issues related to U.S. Veterans.

He is dedicated to excellence and making sure all Veterans get the news they need to make sure their lives are of the highest standards possible.

Comments Closed