Actavis ( shares jumped after the drug company it would buy )Warner Chilcott ( in an $8.5 billion stock-for-stock transaction. )
A few companies are still expected to report quarterly results Monday.
Campbell Soup (Fortune 500) reported quarterly earnings that beat expectations ahead of the market open. ,
TiVo (reports in the afternoon. )
Deutsche Bank analyst Jim Reid said that Federal Reserve Chairman Ben Bernanke's testimony on economic outlook, scheduled for Wednesday before the Joint Economic Committee, "will be the highlight in a week where we may learn more about the Fed's intentions with regards to potential [quantitative easing] tapering."
U.S. stocks finished higher Friday, with the Dow and S&P 500 ending at record levels.
The three major U.S. indexes have gained around 16% so far this year on a combination of gradually improving economic data and continued support from the Federal Reserve.
Meanwhile Asian markets ended with significant gains. The Shanghai Composite added 0.8%, the Nikkei advanced 1.5% and the Hang Seng increased 1.8%. The Nikkei is at its highest point in about five years.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.52%||4.38%|
|15 yr fixed||3.54%||3.42%|
|30 yr refi||4.51%||4.37%|
|15 yr refi||3.53%||3.41%|
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