Cadbury accepted Kraft Foods’ sweetened takeover offer and Tyco International agreed to acquire Brink’s Home Security Holdings, boosting optimism that confidence may be returning to the corporate sector.
The Dow Jones Industrial Average rose 115 points (1.1%) to close at 10,725, the S&P 500 Index increased by 14 points (1.3%) to 1,150, while the Nasdaq Composite added 32 points (1.4%) to 2,320. Crude oil was $0.95 higher at $79.32 per barrel, and the Bloomberg gold spot price rose $4.95 to $1,138.55 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
