US stock markets lifted by takeover deals

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Dow Jones Industrial Average

Last Updated at 19 Mar 2018, 19:58 GMT *Chart shows local time Dow Jones intraday chart
value change %
24610.91 -

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Boeing Co.

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Nasdaq Index

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S&P 500 Cash Index - Chicago Mercantile Exchange

2712.92 -

(Open): Stocks on Wall Street opened higher, with a series of deals helping to push prices higher.

The Dow Jones rose 55.62 points to 17,936.47 in the first few minutes of trade, while the S&P 500 was up 4.96 points at 2,085.58.

The tech-focused Nasdaq index added 9.14 points to 4,926.46.

Shares in FedEx rose 3.3% after the company announced it had agreed to buy Dutch package delivery firm TNT Express for €4.4bn ($4.8bn).

In 2013, UPS tried to buy TNT but the deal was blocked by European competition regulators.

Shares in Informatica jumped 4.2% to $47.75 after the company said it was being bought by private equity firms Permira Funds and Canada Pension Plan Investment Board for about $5.3bn.

Under the terms of the deal, shareholders in Informatica will get $48.75 per share in cash.

General Motors' shares fell 1.7% after Canada announced it had sold its remaining stake in the carmaker.