Market Wrap

Mergermania and kind words from Warren Buffet sent stocks soaring, with the Dow closing above the 8700 mark for the first time. The index was up 166.33 for an 8718.85 finish, a 1.35 percent gain. The Nasdaq rose 16.52 to close at 1788.18, a 0.93 percent increase.

Mergermania and kind words from Warren Buffet sent stocks soaring, with the Dow closing above the 8700 mark for the first time. The index was up 166.33 for an 8718.85 finish, a 1.35 percent gain. The Nasdaq rose 16.52 to close at 1788.18, a 0.93 percent increase.