BUZZ-U.S. Stocks on the Move-Housing stocks, Neophotonics, 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 advanced on Monday, with the Dow Industrials up roughly one percent, as the threat of an escalation of tensions in Ukraine appeared to wane and the latest flurry of merger action supported equities. The Dow Jones industrial average was up 1.02 percent at 16,832.26, the S&P 500 was up 0.79 percent at 1,970.47 and the Nasdaq Composite added 40.34 points, or 0.90 percent, to 4,505.27.
** DOLLAR GENERAL CORP, $63.46, +10.44 pct
** FAMILY DOLLAR STORES INC, $79.89, +5.04 pct
** DOLLAR TREE INC, $54.49, -2.01 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)