These 2 Mergers Are the Real (Asset) Deal
The stock market had a nice bounce last week, giving investors a bit of reassurance during a tough 2022. However, even after a three-day holiday, traders on Wall Street didn't seem to be in a good mood, leaving market indexes mixed heading into Tuesday's market open. As of 8 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 179 points to 32,979. S&P 500 (SNPINDEX: ^GSPC) futures had fallen 19 points to 4,137, but Nasdaq Composite (NASDAQINDEX: ^IXIC) futures managed to pick up a single point to reach 12,679.
The first day of the trading week often has news from companies announcing mergers over the weekend. The two candidates this time around both deal in natural resources, showing the appetite for real assets in the investment community. Read on to find out why Yamana Gold (NYSE: AUY) and CatchMark Timber Trust (NYSE: CTT) are moving sharply higher Tuesday morning.
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Source Fool.com
