US STOCKS-Wall St gets a lift from Facebook, corporate M&A

jueves 28 de abril de 2016 11:28 GYT

* Facebook jumps more than 10 pct to record high

* St. Jude Medical soars after $25 bln offer from Abbott

* Q1 GDP increases 0.5 pct vs est 0.7 pct

* Dow down 0.17 pct, S&P up 0.04 pct, Nasdaq up 0.47 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal

April 28 (Reuters) - Strong results from Facebook and a flurry of dealmaking helped U.S. stocks pare early losses caused by a surprising decision by the Bank of Japan to hold off from expanding monetary stimulus.

Facebook jumped as much as 10.9 percent to a record of $120.79, a day after the company reported a 50 percent rise in revenue. The stock provided the biggest boost to the S&P 500 and the Nasdaq.

St. Jude Medical soared 25.1 percent to $77.47 after Abbott Laboratories said it agreed to buy the medical device maker for $25 billion. Abbott was down 7.3 percent at $40.66.

DreamWorks Animation was up 24.2 percent at $39.99, after Comcast said it will buy the company for $3.8 billion. Comcast was up 0.8 percent at $61.84.   Continuación...