U.S.
stocks rose, after equities posted their biggest two-day slump in more
than a month, amid corporate deals before Friday’s government jobs
report.
Pharmacyclics
Inc. surged 10 percent after AbbVie Inc. agreed to buy the drugmaker in
a $21 billion deal. Mallinckrodt Plc climbed 4.8 percent after buying
closely-held Ikaria Inc. for about $2.3 billion.
The Standard & Poor’s 500 Index added 0.1 percent to 2,101.09 at 4 p.m. in New York.
European
Central Bank President Mario Draghi primed investors to be ready for
the central bank’s first bond-buying salvo as he signaled officials are
convinced the measure will succeed in the choking off the threat of
deflation.
Source: Bloomberg
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