Summary Box: Stocks extend rally after bank reform, new round of acquisitions, growth in China
By APMonday, September 13, 2010
Summary Box: Stocks rally on bank reform, M&A
DOW RALLY: The Dow Jones industrial average’s rally entered its third week Monday. The index has climbed eight of the last nine days.
BANKING REFORM: Financial stocks drove the market higher after global regulators agreed on new rules for reserve requirements for banks. Analysts say the new rules won’t force banks to further restrict lending.
LET’S MAKE A DEAL: A fresh round of dealmaking also added to investor confidence. Hewlett-Packard will buy ArcSight. Hertz agreed to buy rental car competitor Dollar Thrifty Automotive Group.
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