Stocks close with gains as corporate deals inspire investors
Tourists pose in front of the iconic Wall Street Bull near the New York Stock Exchange on Sept. 16, 2013 in Manhattan. Credit: Getty Images / John Moore
More talk of corporate deals pushed stocks higher Tuesday as investors looked over possible deals in the health care industry.
As trading ended on Wall Street, the Dow Jones industrial average was up 113.3 points, about 0.6 percent, at 17,904.5. The Dow lost 107 points Monday. The Standard & Poor's 500 index gained nearly 12 points, about 0.6 percent, to 2,096.3. The Nasdaq composite gained 25.6 points, about 0.5 percent, to 5,055.6.
As the markets were closing, the price of U.S. benchmark crude oil was up 47 cents at $59.99 a barrel on the New York Mercantile Exchange.
Health insurer Aetna rose $3.96, about 3.3 percent to close at $124.97 after The Wall Street Journal reported that UnitedHealth Group approached the company about a deal. UnitedHealth added $2.57, about 2.2 percent, to $121.55. Generic drug manufacturer Perrigo gained $7.95 to close up 4.3 percent at $191.25 on speculation that Mylan may complete a bid for the company. Mylan dropped $1.59, about 2.1 percent, to close at $72.05.
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Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
