Merger news lifted the markets to a higher open with the Dow gaining 47 points to 14,029. Nasdaq rose 12 points to 3204.
On the upside
The Wall Street Journal reported that Office Depot (NYSE: ODP) and OfficeMax (NYSE: OMX) have engaged in advanced negotiations for a possible merger. Shares of rival Staples (Nasdaq: SPLS) climbed on consolidation hopes.
Sealed Air (NYSE: SEE) narrowed fourth quarter losses more than expected.
Shares of SunPower (Nasdaq: SPWR) continued rising after Motley Fool wrote last week that the company would continue rising.
On the downside
Digital Generation (Nasdaq: DGIT) fell to a loss for the fourth quarter due to an impairment charge.
Yandex (Nasdaq: YNDX) reported higher fourth quarter earnings but the results fell short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index gained 6 points to 1526.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here