RPT - US Stocks Open Higher; Kimco Realty To Acquire RPT Realty | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones gaining over 250 points on Monday.
Following the market opening Monday, the Dow traded up 0.81% to 34,626.22 while the NASDAQ rose 0.61% to 13,674.08. The S&P 500, also rose, gaining, 0.61% to 4,432.51.
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Leading and Lagging Sectors
Energy shares jumped by 1.4% on Monday.
In trading on Monday, consumer discretionary shares rose by just 0.3%.
Top Headline
Kimco Realty Corp (NYSE: KIM) penned a merger agreement to acquire RPT Realty (NYSE: RPT) in an all-stock transaction for around $2 billion, including the assumption of debt and preferred stock.
Equities Trading UP
Mobile Infrastructure Corporation (NASDAQ: BEEP) shares shot up 76% to $10.66.
Shares of GD Culture Group Limited (NASDAQ: GDC) got a boost, shooting 59% to $4.03 after it announced the launch of live-streaming e-commerce business on TikTok, a popular social media platform.
Hersha Hospitality Trust (NYSE: HT) shares were also up, gaining 57% to $9.83 after it announced a merger with KSL Capital Partners ...