US STOCKS-Wall St gains on deal news; biotechs jump

martes 7 de abril de 2015 13:29 GYT
 

* 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 0.4 pct, S&P 0.3 pct, Nasdaq 0.5 pct (Updates to early afternoon)

By Caroline Valetkevitch

NEW YORK, April 7 (Reuters) - U.S. stocks rose on Tuesday, adding to recent gains, after deal news including a bid from FedEx for a Dutch peer suggested companies still see value in the market.

Healthcare stocks led the advance on the S&P 500 with biotech shares up after four days of losses. The Nasdaq Biotech index added 1.8 percent, while the S&P 500 healthcare sector gained 0.8 percent.

Shares of FedEx rose 2.7 percent to $171.17 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.   Continuación...