On Monday the US stock indices closed up, since China has not raised the interest rates despite the growth of inflation last month.
The Dow Jones Industrial Average rose by 18.24 points, or by 0.16%, to 11428.56. The Nasdaq Composite declined by 12.63 points, or 0.48%, to 2624.91 points. The Standard & Poor’s 500 grew by 0.06 points to 1240.46.
Caterpillar stocks soared $1.69, or 1.9%, to $ 91.63. Chevron shares surged by $1.34, or by 1.5%, to $88.37, Merck stocks grew by 49 cents, or 1.4%, to $36.10.
Dell Inc. reached an agreement to acquire the data storage company Compellent Technologies Inc. for $27.75 per share. Dell stocks fell by 53 cents, or by 3.9%, to $13.36, whereas Compellent lost 73 cents, or 2.5%, to $27.98. General Electric quotes dropped by 10 cents, or by 0.6%, to $17.62. The company announced the purchase of Wellstream Holdings for $1.3 billion. The deal corresponds to GE strategy to expand the industrial business due to acquisitions. Wellstresm board of directors said it recommends the shareholders to accept this offer. The shares rose on Monday after the People’s Bank of China decided not to raise the interest rates following inflation data released on weekend. On Friday China had increased the banks’ reserve requirements for the third time in a month.
On Monday the US published relatively slight calendar of data and reports, having left few motive factors for the trading.
