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Tuesday, April 22, 2014

U.S. Stocks Rise on Allergan Takeover Bid

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:42 PM No comments


U.S. stocks rose, after the Standard & Poor��s 500 Index rallied five days, amid a $45.7 billion bid for Allergan Inc. and as earnings from Netflix Inc. to Harley-Davidson Inc. topped estimates.
The S&P 500 added 0.1 percent to 1,873.98 at 9:33 a.m. in New York. The Dow Jones Industrial Average climbed 16.47 points, or 0.1 percent, to 16,465.72 today.
The S&P 500 rose 3.1 percent in the past five trading days, its longest rally since October, as earnings from Citigroup Inc., Morgan Stanley and Yahoo! Inc. beat analysts�� estimates. The benchmark index is 0.9 percent below its record high reached April 2 and has added 1.4 percent in 2014.
Source : Bloomberg

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