Mergers Drive Market Higher

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Market Update :

Mergers Drive Market Higher

Author: 123jump.com Staff
123jump.com
Last Update: 5:58 PM ET May 09 2005

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On a quite trading day mergers news dominated the market. Traders were in a positive mood from the last week's news on employment, productivity and today's news on McDonald's same-store-sales. Bristol-Meyers revised earnings downwards after the close.

Hillenbrand, funeral services provider and health care equipment maker, reported 2Q profit of 87 cents vs. loss of 76 cents a year ago.

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