The Canadian Press - ONLINE EDITION

Corporate news sends US stocks higher; Dollar General jumps after making bid for Family Dollar

  • Print

NEW YORK, N.Y. - A bidding contest for a discount retailer and easing concerns about Ukraine helped send U.S. stock indexes higher.

The Dow Jones industrial average rose 175 points, or 1.1 per cent, to close at 16,838 Monday.

The Standard & Poor's 500 index rose 16 points, or 0.9 per cent, to 1,971.

The Nasdaq composite gained 43 points, or 1 per cent, to 4,508.

Dollar General jumped 12 per cent after the company made a bid to buy Family Dollar. The company is hoping to beat out a rival bid from Dollar Tree.

Airline stocks rose as the price of oil fell, which could mean lower costs for jet fuel. United Continental and American Airlines each climbed 4 per cent.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.39 per cent.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

How Winnipeg's slow growth saved the Exchange District

View more like this

Photo Store Gallery

  • PHIL.HOSSACK@FREEPRESS.MB.CA 100527-Winnipeg Free Press THe Provencher Foot Bridge is lit up
  • Carolyn Kavanagh(10) had this large dragonfly land on her while spending time at Winnetka Lake, Ontario. photo by Andrea Kavanagh (mom0 show us your summer winnipeg free press

View More Gallery Photos

Poll

Do you support Canada's involvement in the fight against Islamic State?

View Results

View Related Story

Ads by Google