NEW YORK, N.Y. - The Standard & Poor's 500 index is back in record territory after the latest round of corporate deals made investors more confident.
RF Micro Devices jumped 16 per cent after the chipmaker said it was combining with TriQuint Semiconductor. TriQuint soared 22 per cent.
The S&P 500 rose 21 points, or 1.2 per cent, to 1,857 as of noon Monday, slightly above its record high close of 1,848 reached on Jan. 15.
The Dow Jones industrial average rose 195 points, or 1.1 per cent, to 16,285 and the Nasdaq composite rose 45 points, or 1.1 per cent, to 4,308.
Jos. A. Bank rose 8 per cent after Men's Wearhouse increased its offer for the clothing retailer by 10 per cent. Men's Wearhouse rose 7 per cent.
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