General Electric (GE) maintained earlier gains after the European Union approved its $17 billion acquisition of Alstom's energy business. The approval will allow GE to move ahead with its biggest ever deal. Stocks rocketed higher, rebounding after big declines to end last week. Hopes for further monetary stimulus in China helped to boost U.S. markets after Chinese exports fell for a second straight month in August. Weaker imports and exports in China pressured commodity markets, though, on fears of weaker demand. West Texas Intermediate lost around a dollar on Tuesday to trade under $45 a share. Strategic Hotels (BEE) moved higher after agreeing to be acquired by Blackstone Group (BX) in a deal worth around $6 billion.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.