Stocks Edge Higher After Drifting In Early Trade
Stocks finished slightly higher on Monday, adding to the small gains the market carved out at the end of last week. A dearth of fresh economic data had many investors focusing on headline-grabbing corporate deals, including a $48.5 billion bid by AT&T to acquire satellite TV provider DirecTV and a joint venture between Johnson Controls and a Chinese company that will form the world’s largest maker of automotive interiors. The latest batch of deals is a good sign for the market and further illustrates that many companies have the financial ammunition and appetite to grow through acquisitions.
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