US: Wall St opens higher after Berkshire deal

PHOTO: REUTERS

AUG 10, 20159:42 PM

[NEW YORK] US stocks opened higher on Monday after Warren Buffett's Berkshire Hathaway's US$37.2 billion deal to buy Precision Castparts showed the M&A boom was alive and well.

The Dow Jones industrial average rose 92.93 points, or 0.53 per cent, to 17,466.31, the S&P 500 gained 11.82 points, or 0.57 per cent, to 2,089.39 and the Nasdaq composite added 38.80 points, or 0.77 per cent, to 5,082.34.

REUTERS