US STOCKS-Wall St recovers as Facebook, M&A cushion BOJ shock

jueves 28 de abril de 2016 12:57 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 0.25 pct, S&P up 0.07 pct, Nasdaq up 0.22 pct (Updates to early afternoon)

By Tanya Agrawal

April 28 (Reuters) - The Nasdaq rose on Tuesday as strong results from Facebook and a flurry of dealmaking helped offset the impact of the Bank of Japan's surprising decision to hold off from expanding monetary stimulus.

The Dow, however, remained lower as IBM and Home Depot fell about 1 percent.

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 27.2 percent to $78.77 after Abbott Laboratories said it agreed to buy the medical device maker for $25 billion. Abbott was down 5.8 percent at $41.29   Continuación...