Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Dow Jones Surges Almost 400 Points Following Major Tech Deals

TheMotleyFool

0 0

Dow Jones Surges Almost 400 Points Following Major Tech Deals

The stock market rallied on Monday, driven in part by some major tech deals. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 1.3% just before noon EDT, trailing the other major U.S. stock indices.

There were three deals of note driving the market higher. Verizon (NYSE: VZ) agreed to acquire Tracfone; Microsoft (NASDAQ: MSFT) and Walmart (NYSE: WMT) lost out to Oracle (NYSE: ORCL) in a deal for TikTok's U.S. operations; and NVIDIA (NASDAQ: NVDA) agreed to acquire ARM Holdings in a move that could threaten Intel (NASDAQ: INTC) in the data center.