Brett lift on Wall Street – Business World

US stock markets have begun the week’s trading with rising prices on a broad front after Friday’s decline. Bidding war on Salix Pharmaceuticals, now seems to have reached its end when Endo decided to withdraw its offer.

The Federal Reserve will on Wednesday to give a monetary policy statement that investors are expected to examine . One clue that investors will look for is if the Federal Reserve continues to choose to use the word “patient”.

The Dow Jones Industrial Average was at 16:26 up by 1.1 percent to 17,946. On the broader market rose S & amp; P 500 by 1.1 per cent to 2,075 and the Nasdaq Composite rose 1.0 percent to 4920.

The interest rate on the ten-year bond was down three basis points to 2.08 percent while trettioårsräntan fell four basis points to 2.65 percent.

Valeant Pharmaceuticals were up 1.9 percent. The Canadian pharmaceutical company chose to garnish Endo’s bid for Salix and raise its earlier bid for the company at $ 158 per share to $ 173 per share. Endo, who today chose to withdraw its previous bid of about $ 172.50 per share, strengthened 3.0 percent. Salix Pharmaceuticals recorded up 2.0 percent.

UBS has lowered its forecasts for Microsoft’s revenue. They reason that lower-than-expected demand for PCs, continued challenges in the mobile market and currency effects. The share was nevertheless up 0.3 percent in the positive sentiment prevailing in the markets.

Dupont goes against the grain with a decline of 2.3 percent. The Company has criticized Nelson Petz’s hedge fund Trian Fund Management for its high-risk profile as they relate to act for a division of Dupont.

Life Time Fitness, advanced 5.3 percent after notification that they have agreed to be acquired by private -equity company TPG and Leonard Green & amp; Partners for $ 72.10 per share.

Evercore Isi has lowered its recommendation for Netflix to sell from previous retention. The share responded with a decline of 4.1 percent.

On the statistics front was added to the Empire State index, which is an indicator of manufacturing sector in the New York area, at the level +6.9. Expected was +8.0. Industrial production in February showed a rise of 0.1 percent, which was just below expectations for a rise of 0.2 percent for the month.