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Thursday, March 5, 2015

U.S. Stocks Rise Amid Corporate Mergers Before Feb Jobs Report

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 4:16 PM No comments


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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