NEW YORK (AP) — Stocks are rising after United and Continental Airlines agreed to a combination that would create the world’s largest airline.
The market is also focused economic reports. A report Monday from the Institute for Supply Management is expected to the manufacturing sector expanded last month.
United is acquiring Continental in a deal worth about $3 billion.
Asian markets fell as China forced banks to increase reserves. European markets dipped as investors remain skittish about Greece’s ability to get its debt problems under control, even after reaching a new bailout agreement.
The Dow Jones industrial average is up 53.96, or 0.5 percent, at 11,062.57. The Standard & Poor’s 500 index is up 6.18, or 0.5 percent, at 1,192.87, while the Nasdaq composite index is up 13.28, or 0.5 percent, at 2,474.47.
