Major U.S. stock-inexes rose about 1% on Monday, bouncing back sharply from last week's steep lows, buoyed by optimism around China and Greece, and as Warren Buffett's latest billion-dollar deal showed the M&A boom was alive and well. Disappointing data out of China boosted hopes for additional stimulus from Beijing, while Greece and international creditors are close to finalizing a multi-billion euro bailout accord. Buffett's Berkshire Hathaway (BRK.A, BRK.B) said it would buy Precision Castparts (PCP) in a deal valuing the company at $32.3 billion.
Almost all of Dow stocks in positive area (28 of 30). Top looser - The Coca-Cola Company (KO, -0.30%). Top gainer - Caterpillar Inc. (CAT, +3.58).
All S&P index sectors also in positive area. Top gainer - Basic materials (+2,3%).
At the moment:
Dow 17540.00 +219.00 +1.26%
S&P 500 2097.00 +23.50 +1.13%
Nasdaq 100 4565.50 +46.50 +1.03%
10 Year yield 2,23% +0,06
Oil 44.80 +0.93 +2.12%
Gold 1106.00 +11.90 +1.09%