At 09:31 on December 13 EST, the Dow Jones industrial average rose 25.05 points to 11,435.37 points, or 0.22%; the Nasdaq composite index rose 5.77 points to 2,643.31 points, or 0.22%; the S & P 500 Index rose 3.84 points to 1,244.24 points, or 0.31%.
On Friday, economic data are mostly positive, and promote U.S. stocks ended the day higher, the S & P 500 index since September 2008 record closing high.
U.S. has no economic data released on Monday. But investors welcomed a number of mergers and acquisitions news, one of which is GE (General Electric) announced plans to spend 1.3 billion acquisition of British Energy equipment manufacturers Wellstream Holdings PLC.
GE said in a statement, this proposed deal would help GE to expand the share of oil and gas industry, especially in the Brazilian market. Wellstream said the board would recommend shareholders accept the deal.
MGM Resorts International (MGM) shares rose. According to reports, Chairman and CEO of Emirates Sheikh - Ahmad - the - Said - Al - Maktoum (Sheikh Ahmed bin Saeed Al Maktoum) was appointed as the Dubai World Group (Dubai World) of the new chairman. Dubai World Group has a comprehensive restructuring of the board.
A year ago, the Dubai World Group, announced a freeze on loan repayments was shocked by the news of the global market. The group currently has nearly 10% of MGM shares.
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