X - Dow Gains Over 50 Points; Nippon Steel To Acquire U. S. Steel | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 50 points on Monday.
Following the market opening Monday, the Dow traded up 0.15% to 37,362.28 while the NASDAQ rose 0.14% to 14,835.17. The S&P 500 also rose, gaining, 0.29% to 4,732.84.
Check This Out: Snap To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Monday
Leading and Lagging Sectors
Energy shares rose by 1.8% on Monday.
In trading on Monday, information technology shares fell by 0.3%.
Top Headline
Nippon Steel Corp (OTC: NISTF) announced plans to acquire United States Steel Corp (NYSE: X) for $14.1 billion-plus debt, with a total enterprise value of $14.9 billion.
The acquisition price of $55.00 per share represents a 40% premium to X's closing stock price on Dec. 15, 2023.
Equities Trading UP
iCoreConnect Inc. (NASDAQ: ICCT) shares shot up 81% to $3.0699 after surging over 73% on Friday.