NEW YORK (AP) — Stocks are opening solidly higher on Wall Street Monday following a burst of big corporate deals. The S&P 500 index added 0.9% in the first few minutes of trading. Technology companies were again in the lead. Nvidia jumped after announcing plans to buy fellow chipmaker Arm Holdings, and Oracle climbed after the business software maker beat out Microsoft to become the tech partner of TikTok, the popular video-sharing app based in China. And the stock of Immunomedics more than doubled after the cancer drug specialist agreed to be acquired by Gilead Sciences. European markets were mixed and Asian markets closed broadly higher.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below.
Global shares mostly rose Monday, continuing a period of increased volatility, as traders awaited cues from the U.S. central bank later in the week.
U.S. shares appeared set for gains with Dow futures