Wednesday, May 23, 2007

Nasdaq at 6-year high

Nasdaq closes at six-year high on deals (Reuters)

Traders work on the main floor of the New York Stock Exchange in New York April 27, 2007. Stock indexes looked set to open higher on Monday after news of a $25 billion deal to buy wireless operator Alltel Corp. and other takeovers announced over the weekend. (Brendan McDermid/Reuters)Reuters - Takeover news and speculation drove the Nasdaq to its highest close in more than six years on Tuesday, with casino and technology stocks leading the advance.
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