Mergers And Acquisitions News And Data Favorable &Nbsp; U.S. Stocks Rose

suffer Merger Trading and favorable news helped push the US stock market sharply higher on Monday. The desire to spend $12 billion 500 million to acquire GDP data such as mobile trading and Japan's favorable market has increased market confidence.

At 16:00 on the eastern time of August 15th (August 16th 04:00), the Dow Jones industrial average rose 213.88 points to 11482.90 points, or 1.90%, while the Nasdaq composite index rose 47.22 points to 2555.20 points, or 1.88%; the standard & Poor's 500 index rose 25.68 points to 1204.49 points, or 2.18%.

Among the components of the S & P 500 index, the public sector led the market. Already published Financial Report Of the 460 plus S & P 500 component companies, 322 companies, or 70%, exceeded the expected performance. 40 companies, 9%, achieved the expected performance. 98 companies, or 21%, did not perform as well as expected.

Monday's merger and acquisition news raised market sentiment; Japan's GDP (GDP) contraction in the second quarter after the 3.11 earthquake, tsunami and nuclear crisis was smaller than analysts' expectations, and also pushed us stocks up.

In terms of economic data, the Federal Reserve announced that the manufacturing index for August was -7.7. According to a survey by Bloomberg, economists expect an average of 1 points. In July, the manufacturing index was -3.8.

The American real estate builder Association (NAHB) announced that the 8 month real estate builder confidence index was still 15, unchanged from last month.

GOOG and Motorola Mobility (MMI) have reached the merger agreement, and the two sides will complete the largest M & a transaction this year. The latter shares surged 55.5%.

Last week, the five index was 1.13% higher for the second consecutive trading day. The US stock market fluctuated sharply last week, and the Dow index has fallen by 1.5% a week.

Gold delivered on February by mercantile exchange futures The price rose $15.40, or 0.9%, at $1758 an ounce. Driven by a surge in US stocks, crude oil futures in September rose 2.50 US dollars to settle at $87.88 a barrel.