Monday, July 24, 2006

Markets Rally Over Merger News

The markets rallied over merger news with troubled hospital operator HCA accepting a buyout offer from three equity firms. The Dow jumped 183 points to 11,051 while Nasdaq surged 41 points to 2,062. S&P 500 climbed 21 points to 1,261. The 30-year bond rose as the yield eased to 5.098%.

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