U.S. stocks continue to rise on Tuesday afternoon, leading the financial sector gains. Some M & A news saw investors growth opportunities next year, M & A transactions, and a Chinese official's remarks strengthened the market's confidence in the euro zone economic outlook.
At 13:51 on December 21 EST, the Dow Jones industrial average rose 47.72 points to 11,525.85 points, or 0.42%; the Nasdaq composite index rose 16.62 points to 2,666.18 points, or 0.63%; the S & P 500 Index rose 6.78 points to 1,253.86 points, or 0.54%.
Financial sector led the broader market. Dow component JP Morgan Chase (JPM) rose 2.3%, American Express (AXP) rose 1.8%, Bank of America (BAC) rose 1.4%.
Some investors said the TD Bank in Canada, 6.3 billion agreement to acquire Chrysler, the financial sector, the market seems to think that more will occur next year, the financial industry mergers, the entire financial sector so prices. TD Bank rose 2.7%.
Also reported a number of other industry mergers and acquisitions news. Dutch chemicals group Royal DSM NV announced plans to $ 31.50 per share, totaling 1.09 billion to buy Martek Biosciences (MATK). MATK surged 35.1%.
Investment institutions managing director Paul Dearborn Partners - Nolte (Paul Nolte) that the above two transactions indicate that international buyers interested in U.S. companies, he was completely excited. He said, "They buy in assessing opportunities for U.S. companies and at least the value of some companies that are relatively cheap."
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