US STOCKS-Wall St ticks up on M&A but energy weighs as crude drops

miércoles 8 de abril de 2015 13:12 GYT

* Fed's Dudley keeps June rate hike on the table depending on data

* Mylan jumps after offering to buy Perrigo for about $29 bln

* Fed minutes due at 1800 GMT

* Indexes up: Dow 0.2 pct, S&P 0.29 pct, Nasdaq 0.77 pct (Adds details on Mylan deal, comment, updates prices)

By Tanya Agrawal

NEW YORK, April 8 (Reuters) - U.S. stocks rose on Wednesday on merger activity in the healthcare sector even as energy stocks sold off after a large buildup in crude stockpiles sent oil futures reeling.

Traders are keeping an eye out for the release of minutes from the Federal Open Market Committee's March policy meeting, in which the Fed downgraded its economic growth and inflation projections while leaving the door open to raising rates in the near future. The minutes are due at 2 p.m. EDT (1800 GMT).

Mylan shares jumped 14.4 percent to $68.15, boosting the Nasdaq and the S&P healthcare sector, on news it offered to buy Perrigo for about $29 billion in cash and stock. Perrigo shares jumped 21.7 percent to $200.50.

Biotech and pharmaceuticals have seen more than $60 billion in deals so far this year, the highest volume since 2009.   Continuación...