(Source: Tulsa World)
Wall Street sidestepped some of its doubts about the economy
Tuesday as corporate dealmaking edged many stocks higher.
Investors were encouraged by billionaire investor Warren
Buffett's decision to pay $34 billion for the railroad Burlington
Northern Santa Fe in what he termed an "all-in wager" on the future
of the U.S. economy. Meanwhile, tool maker Stanley Works struck a
deal late Monday to acquire Black & Decker Corp. for $3.46 billion
in stock.
The Dow Jones industrial average dipped 17.53, or 0.2 percent, to
9,771.91, but the broader Standard & Poor's 500 index rose 2.53, or
0.2 percent, to 1,045.41, and the Nasdaq composite index rose 8.12,
or 0.4 percent, to 2,057.32.
Originally published by Staff and Wire Reports.
(c) 2009 Tulsa World. Provided by ProQuest LLC. All rights Reserved.
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