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

Snapshot: Little news is mostly good news for market

Continue reading below

The Dow slipped, but stocks mostly rose after a holiday weekend. It was quiet; traders had little news to react to. Health care and pharmaceutical stocks rose far more than the rest of the market after drug maker Actavis (up 5%) said it’s buying Forest Laboratories (up 28%) for $25 billion. Last week, Comcast announced a deal to buy Time Warner Cable for $45 billion, and Suntory Holdings last month said it was buying Beam, the whiskey maker, for $13.9 billion. Investors should expect more big deals this year, said Mike Serio, at Wells Fargo Private Bank. Stocks have turned around after a rough start to 2014. The S&P 500 was up seven of the last eight days.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
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
Marketing image of