US stocks are rising near their records
PTC and RXO surged after takeover deals, while FactSet said S&P 500 companies are expected to post nearly 30% profit growth.
- U.S. stocks climbed near record highs on Monday as fresh buyout announcements buoyed the market; Schneider Electric will pay about $22.6 billion for a software company, while RXO jumped 22.8% following C.H. Robinson Worldwide's takeover bid.
- Services industry activity grew for a 27th straight month in September, though the Institute for Supply Management reported that businesses face faster price increases for materials, signaling inflation concerns.
- Trading showed divergence as PTC leaped 33.6% for the S&P 500's largest gain, while C.H. Robinson fell 10.8% following its acquisition news; Japan's Nikkei 225 rose 2.4% as France's CAC 40 fell 0.8%.
- Persistent uncertainty regarding the war with Iran kept oil prices volatile, veering between $100 and $103, which pushed the 10-year U.S. Treasury yield to 5.31% from 5.28% late Friday.
- Analysts forecast growth of nearly 30% for S&P 500 companies compared to last year, according to FactSet, as investors await the start of the latest earnings reporting season.
15 Articles
15 Articles
The Sun Chronicle
US stocks rise to the edge of an all-time high
U.S. stocks rose near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.7% Monday and pulled within 0.3% of its all-time high, which was set during the summer. The Dow Jones Industrial Average…
How major US stock indexes fared Monday 10/5/2026 – WTOP News
U.S. stocks rose near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.7% Monday and pulled within 0.3% of its all-time high, which was set during the summer. The Dow Jones Industrial Average rose 0.2%, while the Nasdaq composite climbed 1.1% to set a record of its own. Oil prices continued their sharp swings, and the price for a barrel of Brent crude volleyed between $100 and $103 before settling at …
Dow Adds 91, Nasdaq Climbs 286, S&P 500 Rises 51
NEW YORK (AP) — U.S. stocks rose to the edge of their all-time high on Monday after a couple buyout announcements helped lift the market. The S&P 500 climbed 0.7% and pulled within 0.3% of its record, which was set during the summer. The Dow Jones Industrial Average added 90 points, or 0.2%, while the Nasdaq composite rallied 1.1% to set its own record. PTC helped lead the market after leaping 33.5%. Schneider Electric of France said it would pa…
US stock markets are rising, with tech stocks standing out positively in particular. MercadoLibre is benefiting from its high exposure to the Brazilian market. PTC is up a third now that the French company Schneider Electric is acquiring the software player.
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