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Bulls look ready for a marathonWall Street got off to a solid start as investors mull merger news, await the Fed policy statement Wednesday.NEW YORK (CNNMoney.com) -- Investors maintained their bullish sentiment sending stocks higher in the first moments of trade Monday. The Dow Jones industrial average, Nasdaq and the S&P were all higher in the early going. In corporate news: Alcoa (Charts, Fortune 500) announced it was making a $33 billion cash and stock bid for Canadian rival Alcan (Charts). Armor Holdings (Charts) said before the bell on Monday it will be acquired by British defense company BAE (Charts) Systems for $88 per share, or $4.1 billion. Johnson & Johnson (Charts, Fortune 500) Monday said its experimental drug-coated stent failed to meet its primary study goal, leading it to drop development of the heart device. The price of gasoline has hit a new record high, averaging $3.07 for a gallon of self-serve regular in the United States, a survey reported Sunday. |
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