Stocks climb after $8.5 billion Microsoft deal (AP)
NEW YORK – Stocks are ascension at the opening of trading after Microsoft Inc. united to acquire Internet ring assist Skype for $8.5 billion.
Companies hit built up a achievement turn of change since the recession, and they hit begun to ingest it for acquisitions, dividends and stock buybacks. Technology companies hit particularly bounteous change hoards. The Skype acquire is Microsoft's maximal care in its 36-year history.
Stronger-than-expected earnings reports are also lifting stocks. Dean Foods Co., Activision Blizzard Inc. and others reportable earnings that vex analysts' expectations.
The Dow Jones industrialized cipher is up 17 points, or 0.1 percent, to 12,702. The S&P 500 is up 3 points, or 0.2 percent, to 1,349. The Nasdaq composite finger is up 8 points, or 0.3 percent, to 2,851.
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