Monday, March 21, 2011

AT&T Merger Lifts Stocks

The DOW gained 178 points today, recrossed 12,000, and closed at 12,036.

They say its because of AT&T's acquisition of T-Mobile making AT&T the largest such entity in the USA. Can you hear me now.

Regardless, the news out of Japan is bad, and now we are into Libya. This means that today's gains are hardly firm or a building block. Volatility is in the pipes.

Reuters: Wall Street ends up on merger optimism
...the biggest proposed merger of the year enticed buyers into the market...

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