BUZZ-U.S. Stocks on the Move-Dollar General, Fabrinet, Mitek Systems
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)
U.S. stocks opened higher on Monday as the threat of an escalation in Ukraine appeared to lessen and the latest flurry of merger action supported equities. The Dow Jones industrial average was up 0.93 percent at 16,817.36, the S&P 500 was up 0.78 percent at 1,970.35 and the Nasdaq Composite added 30.18 points or 0.68 percent, to 4,495.11.
** DOLLAR GENERAL CORP, $63.03, +9.69 pct
** FAMILY DOLLAR STORES INC, $79.62, +4.68 pct
** DOLLAR TREE INC, $54.623, -1.77 pct
Dollar General offered to buy Family Dollar Stores for $8.95 billion, trumping an offer by Dollar Tree, to strengthen its position as the No. 1 U.S. discount retailer.
Graphic on discount retailers' year-to-date stock movement, (link.reuters.com/juk52w)