US STOCKS-Wall St boosted by merger flurry; Pfizer lifts Dow
(Updates to late morning trade)
* Forest Labs to buy Furiex for up to $1.46 bln
* Pfizer works on next move in takeover bid for Astrazeneca
* Obama announces new U.S. sanctions on Russia over Ukraine
* Indexes up: Dow 0.7 pct; S&P 0.5 pct; Nasdaq 0.3 pct
By Angela Moon
NEW YORK, April 28 (Reuters) - U.S. stocks rose on Monday, rebounding from the previous session's decline, amid a flurry of merger and acquisition activity in the pharmaceutical sector.
Pharmaceuticals outperformed other sectors after U.S. drugmaker Pfizer Inc was said to be working on its next move in a potential $100 billion bid to take over Britain's AstraZeneca Plc, after two earlier bids were rejected.
Pfizer was the biggest gainer on the Dow Jones industrial average, up 3.9 percent at $31.94. Continuación...