SP closes at 5-year high as U.S. stocks gain Goog
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S&P closes at 5-year high as U.S. stocks gain
Google shares top $800 for first time; M&A inspires buyers
NEW YORK (MarketWatch) — U.S. stocks ended higher Tuesday, pushing the S&P 500 index to a five-year high, buoyed by a rise in corporate deal activity and an improvement in German investor sentiment.
“Recent mergers and acquisitions are further evidence of just how high the mountain of cash has grown for corporate America,” said Andrew Fitzpatrick, director of investments at Hinsdale Associates.
“These companies are starting to be forced to possibly pursue deals, raise dividends or buy back stock, all of which are key drivers that could move stocks higher,” he said. http://www.marketwatch.com/story/us-stocks-cl...=afterbell
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