NEW YORK, Aug 26 (Reuters): US stocks rose, sending the Standard & Poor's 500 Index above 2,000 for the first time, on signs of more corporate takeovers and stimulus for the European economy.
Burger King Worldwide Inc added 16 per cent after saying it's in talks to buy Tim Hortons Inc and move its headquarters to Canada. InterMune Inc surged 36 per cent after Roche Holding AG purchased the biotechnology company for $8.3 billion. Morgan Stanley climbed to the highest since 2009 and JPMorgan Chase & Co and Goldman Sachs Group Inc added more than 2 per cent.
The S&P 500 rallied 0.6 per cent to a record 2,001.12 at 12:05 pm in New York. The Dow Jones Industrial Average increased 107.79 points, or 0.6 per cent, to 17,109.01. The Nasdaq Composite Index advanced 0.6 per cent to 4,566.61, the highest level since March 2000.
S&P 500 surpasses 2,000 for 1st time on takeover speculation
FE Team | Published: August 27, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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