CORRECTED-US STOCKS-Wall St up on deals, biotech boost

martes 7 de abril de 2015 13:27 GYT
 

(Corrects GM stock price in paragraph 8 to $35.90, not $67.25)

* Biotech shares jump after four days of losses

* FedEx to buy Dutch peer TNT; Informatica to go private

* Canada to sell its GM stake to Goldman Sachs

* Indexes up: Dow 0.55 pct, S&P 0.42 pct, Nasdaq 0.63 pct

By Rodrigo Campos

NEW YORK, April 7 (Reuters) - U.S. stocks rose on Tuesday, extending two sessions of gains for the S&P 500, with deals including a bid from FedEx for a Dutch peer indicating companies still see value in the market.

Shares of FedEx rose 3.3 percent to $172.14 as it seeks to buy Dutch package delivery company TNT Express for $4.8 billion. Two years ago, competition regulators blocked United Parcel Service's bid for TNT because, unlike FedEx, that suitor already had a strong European network.

Deals are "the rational outcome of this environment" of low interest rates, said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.   Continuación...