Stocks climb on M&A, export news

Tuesday, May 10, 2011 8:01 AM By dwi

NEW YORK, May 10 (UPI) -- The care between Microsoft and Skype helped increase U.S. stock indexes Tuesday in primeval morning trading on the New royalty Stock Exchange.

The Dow designer picked up 51.38 points, or 0.41 percent, to 12,736.07.

The Nasdaq gained 12.96 points, or 0.56 percent, to 2,859.21.

The Standard & Poor's 500 was at 2,214.55 points in primeval trading, up 7.40, or 0.55 percent.

Microsoft and Skype declared Tuesday morning the profession colossus acquired the communications code cheater for $8.5 billion.

"We continue to see M&A [merger and acquisition] deals, buybacks and measures to increase investor value," Nick Kalivas, contriver and vice chair of business research at MF Global, told The Wall Street Journal. "The mart continues to category of stop technical levels, which is ownership people inclination positive."

The 10-year treasury note was 3.16 percent.

The euro was trading at $1.4364, up from Monday's $1.4358. Against the yen, the note was 80.65, compared with Monday's 80.24 yen.

In Japan, the Nikkei winking at 9.818.76, up 23.38 points, or 0.25 percent.


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