U.S. Stocks Edge Closer to All-Time High Amid Buyout Deals
U.S. stocks near record highs as buyout deals boost market, with S&P 500 and Nasdaq rising sharply.
POLICY WIRE — New York, United States — U.S. stocks edged closer to their all-time high on Monday, driven by a series of buyout announcements that lifted investor confidence.
The S&P 500 rose 0.7%, inching within 0.3% of its record, while the Nasdaq composite surged 1.1% to set a new high. The Dow Jones Industrial Average added 90 points, or 0.2%. PTC and RXO were among the top gainers, fueled by major acquisition deals.
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Analysts noted strong performance in the AI sector, with companies like Nvidia and Broadcom benefiting from increased interest in artificial intelligence technologies. Meanwhile, concerns over oil prices and bond yields remained, but the economic outlook continued to support market gains.
Reporting by Policy-Wire (PW)





