Merger Monday: Weekend M&A News Appears To Lift Market’s Sagging Spirits
- Date: 14-Sep-2020
- Source: Forbes
- Sector:Financial Markets
- Country:GCC
Merger Monday: Weekend M&A News Appears To Lift Market’s Sagging Spirits
Getty Images
Getty Images
Key Takeaways:
M&A news appears to be giving market a positive tone early on
Oracle
ORCL
shares blast higher on news reports of TikTok partnership
Fed, Apple event among key developments to watch this week
Maybe a little M&A can warm up a market that's been cooling in the fall breeze.
Two big mergers and acquisitions over the weekend—along with media reports that China had chosen Oracle (ORCL) to be the technology partner with TikTok—appeared to lift spirits on Wall Street this morning following the first back-to-back weekly losses since May. Stocks were up in pre-market trading, and that includes the sputtering Tech sector.