NEW YORK (AP) — Deals are back in focus, and that’s pushing stocks higher.
Toronto-Dominion Bank agreed Tuesday to buy Chrysler Financial, the automaker’s old lending arm, from private equity firm Cerberus Capital Management LP for $6.3 billion. Dutch chemicals company Royal DSM NV also says it plans to buy US biotech firm Martek Biosciences Corp. for $1.09 billion in cash.
At the opening Tuesday, the Dow Jones industrial average is up 31 points, or 0.3 percent, to 11,508. The Standard & Poor’s 500 index is up 4, or 0.3 percent, to 1,250. The Nasdaq composite index is up 8, or 0.3 percent, to 2,657.
Bond prices are rising, pushing down yields. The yield on the 10-year Treasury note fell to 3.31 percent from 3.35 percent late Monday.
