MARKET PULSE-Triquint, Trex, Jos A Bank, Facebook, eBay, Humana

Mon Feb 24, 2014 11:18am 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 rose on Monday, advancing in a broad rally as merger activity boosted the S&P 500 to an all-time high. The Dow Jones industrial average was up 0.89 percent at 16,247, the S&P 500 was up 0.95 percent at 1,853.63 and the Nasdaq Composite was up 0.93 percent at 4303.11.

** TRIQUINT SEMICONDUCTOR INC, $11.28, +22.21 pct

** RF MICRO DEVICES INC, $6.765, +16.44 pct

Radio frequency chipmaker RF Micro Devices will buy peer TriQuint Semiconductor for about $1.6 billion in an all-stock deal to create a company that could better compete in selling chips to mobile-handset makers.

** TREX CO INC, $82.13, +20.07 pct

The maker of wood and plastic composite products reported a 38 percent jump in fourth-quarter revenue due to higher demand in a recovering U.S. housing market.

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