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October 25, 2016

Deals push stocks higher

NEW YORK (AP) — U.S. stocks rose Monday as investors were cheered by a spate of corporate dealmaking over the weekend. Technology companies made the biggest gains. But investors were doubtful the biggest deal, AT&T's agreement to buy Time Warner, will happen.

Companies announced almost $100 billion in deals over the last few days. Investors had mixed reactions to the moves, but they were pleased the companies were willing to spend.


 
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