July 23 - Business Week - Another wave of M&A activity, plus earnings news from Merck, pushed stocks higher Monday as markets approach the heart of second quarter's earnings season.
On Monday, the Dow Jones industrial average climbed 92.34 points, or 0.67%, to 13,943.42. The broader S&P 500 index gained 0.77%, or 11.8 points, to 1,545.90. The tech-heavy Nasdaq Composite index edged up 2.98 points, or 0.11%, to 2,690.58.
Stock indexes were bouncing back a bit from Friday, when major averages fell more than 1%, including the Dow, which fell from its record close above 14,000. However, Monday's recovery was weak: for every 17 stocks dropping in price on the New York Stock Exchange, 16 rose in price. On the Nasdaq, the ratio was 16-14 negative. Read More.
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