Wall Street surges higher, toasts Kmart-Sears&#39; merger
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NEW YORK : US stocks surged higher as Wall Street cheered Kmart&#39;s 11 billion dollar merger with Sears, although a spike in oil prices capped the gains.
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NEW YORK, July 23 -- Stocks rebounded Monday after a fresh round of buyout news offered evidence that Wall Street's penchant for dealmaking has not disappeared.
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Stocks rose on Tuesday, helped by another round of proposed takeovers and a report showing a stronger-than-expected reading in consumer confidence.
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Stocks roared upward yesterday led by the Dow Jones industrial average, which rode good retail news to record highs, showing its biggest one-day gain in nearly four years.
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Leading Wall St shares surged overnight after a bounce in Pfizer&#39;s shares and an upgrade for Intel, sending the Dow to a three-and-a-half year high.
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Two struggling retailers with dismal sales merge, and how do investors react? They send the stocks of both companies soaring. With last week&#39;s surprise announcement that Kmart Holding Corp.
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Stocks rose on Wednesday, lifted by a  merger between retailers Kmart and Sears, better-than-expected  earnings from computer maker Hewlett-Packard and government  data showing a moderate rise in a key U.S.  inflation measure.
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Stocks bounded higher yesterday as investors shrugged off a fresh indicator of rising inflation and welcomed an $11 billion deal that combines retailers Kmart Holding Corp.
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US stocks rose sharply on Tuesday, amid a broad-based rally that included a rebound in the battered financial sector.
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Stocks rose sharply on Tuesday, driving the Nasdaq composite index more than 1 percent higher, as overseas equities rebounded and investors bet that markets may be stabilizing after recent heavy losses.
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U.S. stocks ended higher on Wednesday  after Kmart's plan to buy Sears in an $11.5 billion deal was  announced and computer maker Hewlett-Packard Co. HPQ.N posted  solid earnings.
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NEW YORK  -U.S. stocks surged on Thursday, with the Dow hitting a record on its biggest point gain in more than 4 years, after healthy retail sales reassured investors about consumer spending and a $38 billion mining takeover fed expectations for more deals. The S&P 500 also ended at a record closing high.
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Shares surged on Wall Street on Friday night, pushing the Dow over 100 points higher, as tech stocks rallied and drug giant Merck staged a 1 per cent rebound following its 26 per cent fall on Thursday.
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U.S. stocks rose on Wednesday as  retailers Kmart and Sears announced a $11.5 billion merger,  signaling corporate America's confidence in the economy, while  Hewlett-Packard's better-than-expected earnings helped boost  tech shares with the hope of increased spending in the sector.
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Wall Street surged higher after the investor Warren Buffett offered to help out troubled bond insurers, easing some concerns about further deterioration in the credit markets.
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U.S. stocks surged on Thursday, with the Dow hitting a record on its biggest point gain since 2002, after healthy retail sales reassured investors about consumer spending and a $38 billion mining takeover fed expectations for more deals.
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London equities moved sharply higher on Thursday after a rebound on Wall Street overnight.