MARKET PULSE-Forest, United Fire, Boeing, Qihoo, EPL, Coca-Cola

Tue Feb 18, 2014 1:03pm EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks were slightly higher on Tuesday after Wall Street's biggest gain of the year, boosted by Tesla shares which hit an all-time high, giving a lift to the tech-heavy Nasdaq index. The Dow Jones industrial average was down 0.01 percent at 16,153.21, the S&P 500 was up 0.18 percent at 1,841.95 and the Nasdaq Composite was up 0.68 percent at 4,272.894.

** ACTAVIS PLC, $205.18, +6.93

** FOREST LABORATORIES INC, $92.26, +29.23

** MYLAN INC, $48.58, +5.38

The generic drugmaker said on Tuesday that it would buy Forest Labs for about $25 billion in cash and stock, expanding its portfolio of specialty pharmaceuticals for neurological and other disorders.

Shares of Actavis's rival, Mylan, also rose.

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