NEW YORK (AP) — Stock prices are rising modestly after a fresh round of merger and acquisition activity.
Hewlett-Packard is offering $24 per share for 3Par a week after rival Dell agreed to buy the data storage provider for $18 a share. British bank HSBC is in talks to buy Nedbank Group of South Africa.
There are no major economic reports due out Monday that could provide insight into the pace of recovery. Stocks dropped late last week after fresh economic data renewed worries about the economy.
The Dow Jones industrial average is up 31.48, or 0.3 percent, at 10,245.10. The Standard & Poor’s 500 index is up 4.17, or 0.4 percent, at 1,075.86, while the Nasdaq composite index is up 10.49, or 0.5 percent, at 2,190.25.
