US STOCKS-Wall St climbs on deal activity; Apple shares fluctuate

lunes 9 de marzo de 2015 14:47 GYT

* Alcoa to buy RTI International for $1.5 bln

* Apple shares volatile after Apple Watch rollout

* Indexes up: Dow 0.8 pct, S&P 0.4 pct, Nasdaq 0.2 pct (Updates to late afternoon)

By Caroline Valetkevitch

NEW YORK, March 9 (Reuters) - U.S. stocks climbed on Monday, boosted by a couple of billion-dollar deals, while Apple shares fluctuated following the long-anticipated rollout of its watch.

The gain comes a session after the S&P 500's biggest drop in almost two months, as well as two straight weeks of declines for major indexes.

Alcoa Inc said it would buy RTI International Metals Inc for $1.5 billion. Separately, Simon Property Group offered to buy Macerich Co for $22.4 billion including debt.

Alcoa lost 6.4 percent to $13.55 while RTI jumped 38 percent to $37.62. Macerich rose 6.1 percent to $92 and Simon Property was up 0.1 percent at $180.78.

"We're seeing a little bit of a snapback from Friday's reaction to the jobs report. We're seeing a little of that reversion-to-the-mean trade coming back," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston.   Continuación...