Stocks move higher on Wall Street following burst of deals

FILE - In this Aug. 21, 2019, file photo, specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange. Stocks are opening solidly higher on Wall Street Monday, Sept. 14, 2020, following a burst of big corporate deals. (AP Photo/Richard Drew, File)
Sep 14, 2020 8:38 AM  By ALEX VEIGA AP Business Writer Stocks are moving broadly higher on Wall Street in morning trading Monday as investors welcome news of several big corporate deals. The S&P 500 was up 1.6%, led by gains technology, health care and communication stocks. The gains reversed more than half of the benchmark index's losses from last week, when the S&P 500 posted its biggest weekly decline since June. Treasury yields were mixed. Nvidia jumped 6.4%, one of the biggest gainers in the S&P 500, after announcing plans to buy fellow chipmaker Arm Holdings in a deal worth up to $40 billion. Oracle climbed 4.9% after the business software maker beat out Microsoft to become the “trusted technology provider” of TikTok, the popular video-shar
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