Business

Snapshot: S&P 500 touches 2,000 points as deals continue

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The S&P 500 flirted with 2,000 as the market enjoys a late-summer revival after dipping earlier this month on concerns about tensions in Ukraine and the Middle East. News that Burger King is in talks to acquire doughnut chain Tim Hortons built on news over the weekend that a California biotech, InterMune, agreed to sell itself to the Swiss pharmaceutical giant Roche for $8.3 billion. A Commerce Department report that sales of new homes slid 2.4 percent in July didn’t weigh on the broader market. Investors this week will be looking at reports on consumer confidence, home prices, and durable goods to gauge consumer spending.

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