Wall Street had a post-holiday celebration on Tuesday morning as investors looked forward to what the White House would say about the status of trade negotiations between the U.S. and China. Global markets have focused a lot of attention on the trade issue, and a favorable conclusion would potentially create a much-needed economic boost. As of 10:45 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 63 points to 27,755. The S&P 500 (SNPINDEX: ^GSPC) rose 14 points to 3,101, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved higher by 44 points to 8,509.
Merger and acquisition activity has ramped up recently, and Anheuser-Busch InBev (NYSE: BUD) joined the fray with an interesting buyout offer. Meanwhile, D.R. Horton (NYSE: DHI) reported its latest earnings results, and what the homebuilder said gave investors confidence in the resiliency of the U.S. housing market.
Shares of Anheuser-Busch InBev were up about 1% after the company announced that it would buy Craft Brew Alliance (NASDAQ: BREW). The news came as a surprise, largely because A-B InBev had said it wouldn't move forward with a full acquisition after considering the move back in August.