US STOCKS SNAPSHOT-Wall St edges up on ECB hopes, M&A activity

May 27 (Reuters) – U.S. stocks edged higher on
Tuesday as merger activity and expectations for rates cuts by
the European Central Bank stoked bids for equities even after
the benchmark S&P 500 index closed at a record on Friday.

The Dow Jones industrial average rose 36.15 points or
0.22 percent, to 16,642.42, the S&P 500 gained 5.54
points or 0.29 percent, to 1,906.07 and the Nasdaq Composite
added 19.74 points or 0.47 percent, to 4,205.55.

(Reporting by Angela Moon; Editing by Nick Zieminski)

By | 2014-05-27T13:34:06+00:00 May 27th, 2014|Uncategorized|0 Comments

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