2010/12/22

Morning: M & A news to promote broad based financial stocks

U.S. stocks continue to rise in early trading on Tuesday, financial stocks generally higher. TD Bank of Canada of 63 billion acquisition of Chrysler Financial and other merger news, including some of the improved market sentiment.

At 10:40 on December 21 EST, the Dow Jones industrial average rose 43.26 points to 11,521.39 points, or 0.38%; the Nasdaq composite index rose 12.22 points to 2,661.78 points, or 0.46%; the S & P 500 Index rose 5.29 points to 1,252.37 points, or 0.42%.

Among the Dow 30 stocks, 25 stocks rose.

Institutional investors, chief investment officer of Fred Davidson Companies - Dixon (Fred Dickson), said Dow, "three times in the past 10 days, the impact has 11,500 points, but failed. It seems a bit difficult to overcome technical resistance is expected week, the Dow is difficult to break through this level. "

Among S & P 500 index, financial shares led the gains, consumer staples sector lagged.

Graphics software developer Adobe Systems (ADBE) rose 4.7%, the company is expected to exceed the expected future profits.

Jabil Circuit (JBL) shares rose 7.7%, the company delivered the expected performance targets are higher than the market average level.

Canada Dominion Bank (TD) rose 7%, the company said it would buy 6.3 billion in cash auto maker Chrysler (Chrysler)'s financial sector Chrysler Financial.

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