Google deal boosts Wall Street for third day
Wall Street stocks rose for a third day on Monday as investors saw Google's offer for phone maker Motorola Mobility as a signal to jump back into the market after weeks of sharp selling.
The Dow Jones industrial average shot up 213.88 points, or 1.90 percent, to 11,482.90. The Standard & Poor's 500 Index gained 25.68 points, or 2.18 percent, to 1,204.49. The Nasdaq Composite Index climbed 47.22 points, or 1.88 percent, to 2,555.20.
European equities paused after a rollercoaster week, ahead of a key meeting of French and German politicians that may deliver policy initiatives that strategists say are needed to restore market equilibrium.
The FTSEurofirst 300 index of top European shares were up 0.02 percent at 968.44 points. The index surged 3.7 percent last Friday, helped by strong US retail sales.
Tokyo stocks today posted their biggest daily gain in nearly two months, rallying after global markets recovered from one of the most volatile weeks since the financial crisis, and boosted by better-than-expected Japanese GDP data. The benchmark Nikkei average closed up 1.4 percent at 9,086.41, while the broader Topix gained 1.2 percent to 777.12.
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