You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Snapshot: Mergers, homes, and phones lift market

Continue reading below

Mergers, homes, and phones gave stocks a boost — their biggest gains in almost two months. Neiman Marcus was sold for $6 billion, and Koch Industries bought an electronics components maker, Molex, for $7.2 billion. Some saw the deals as signs of faith in the economy. Home builders’ stocks were some of the biggest gainers after Hovnanian said home prices are rising and its backlog jumped almost 27%. Apple rose; it’s expected to unveil a new iPhone Tuesday. Apple moved back above $500 per share. All 10 industry groups in the S&P 500 rose. The index gained for the fifth day in a row, the longest since eight days of gains in July.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.