Stocks Return To Record Territory After Deal News
The Standard & Poor’s 500 index pushed back into record territory Monday, after the latest round of corporate dealmaking made investors more confident. The S&P 500 rose 22 points, or 1.2 percent, to 1,858 as of 12:05 p.m. Eastern time, ten points above its record high close of 1,848 reached on January 15th. The index had slumped since then, as investors grew worried about slowing growth in the U.S. and China, as well as emerging markets like Argentina.
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