CNBKA - These 2 Stock Deals Are Pumping Up the Nasdaq Thursday
Investors have high hopes for economic growth, and the big beneficiary in Thursday's stock market action was the Nasdaq Composite (NASDAQINDEX: ^IXIC) . Other major market benchmarks were mixed, but as of 1:45 p.m. EDT, the Nasdaq was up close to a full percent on the trading day.
Big-name tech stocks helped give the Nasdaq a much-needed lift, as it has lagged below its record levels even as other indexes have hit all-time highs. In addition, though, merger and acquisition activity is heating up, and that was good news for Century Bancorp (NASDAQ: CNBKA) and Orbcomm (NASDAQ: ORBC) on Thursday. Below, we'll look at who's picking up on these opportunities and what the combined companies will look like.
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These 2 Stock Deals Are Pumping Up the Nasdaq Thursday