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Dow, S&P 500 score fresh highs

Published on Jun 10, 2014 6:02 AM
 
US stocks rallied on Monday, with the Dow and the S&P 500 extending record winning streaks amid a fresh burst of merger and acquisition activity on Wall Street. -- PHOTO: REUTERS

NEW YORK (AFP) - US stocks rallied on Monday, with the Dow and the S&P 500 extending record winning streaks amid a fresh burst of merger and acquisition activity on Wall Street.

The Dow Jones Industrial Average rose 18.82 points (0.11 per cent) to 16,943.10, its third straight close at a record high.

The broad-market S&P 500 edged up 1.83 (0.09 per cent) to 1,951.27, eking out a record for the fourth session in a row.
The tech-rich Nasdaq Composite Index outperformed, advancing 14.84 (0.34 per cent) to 4,336.24.

Tyson Foods, the world’s second-largest meat processor, won the bidding war for sausage and hot dog maker Hillshire Foods against rival Pilgrim’s Pride with an offer worth US$8.6 billion.

 
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