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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel U.S. stocks rise on Sanofi-Genzyme merger, Dell earnings Source: AHN Reporter: Windsor Genova Location: New York, NY, United States Published: February 16, 2011 4:25 p.m. EST Topics: Business, Market And Exchange, Economy, Business And Finance U.S. stocks rose on Wednesday triggered by the merger deal of Sanofi-aventis and Genzyme and Dell’s fourth-quarter profit. The Commerce Department’s report of a 14.6 percent rise in new-home construction in January and the Labor Department’s report of a sharp rise in wholesale prices for the same month pushed the Dow Jones Industrial Average up 63 points or 0.3 percent to 12,290. The Standard & Poor’s 500 Index rose nearly 8 points or 0.6 percent to close at 1,336. The Nasdaq Composite Index climbed 22 points or 0.8 percent to 2,826. Reports that Iranian warships were sailing to Syria via the Suez Canal, which Israel branded as a provocation, triggered a 67 cents or 0.8 percent jump in crude futures to $85 per barrel. Gold futures for April delivery added $1 to settle at $1,375 per ounce. Republish Email Facebook Digg Twitter Buzz Up! Share [ Close ] When publishing articles from AHN we require that you follow several simple rules and that you abide by our Terms and Conditions. You may: Use and display the provided article text on a website or blog. Under the following conditions: You may not republish the article(s) wholesale, automatically or systematically; articles must be republished individually. You may not sell license or redistribute the content without specific permission. Email us if you’d like to. You must display and attribute the article in the manner specified by AHN (but not in any way that suggests that we endorse you or your use of the work). 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US-TECH Summary
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