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Tech recovery helps global stocks rebound after choppy week

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According to Reuters, A recovery in technology stocks following IBM Corp’s $34 billion deal to buy Red Hat Inc and Standard & Poor’s decision to leave Italy’s ratings level unchanged helped global stocks rebound on Monday after choppy sessions last week. Art Hogan, chief market strategist at B. Riley FBR in New York. said that the signs of increased mergers and acquisitions activity helped start the trading week on a positive note. “Investors are coming in today from an oversold market last week, and Markets are set to have a positive reaction to any form of good news.”

Added on the 29/10/2018 11:52:21 - Copyright : Wochit

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