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Stocks boasted a two year high at close on Friday. Investors report positive economic and corporate news set the stage for advancement in the market. At open on Monday the market continues to drive higher and investors are focused on corporate deals. Multiple Fortune 500 companies , including General Electric, Thermo Fisher Scientific and Dell have extended offers or announced acquisitions that have pushed the companies into the spotlight. Other companies, such as Fedex, observe share increases as the busiest time of year unfolds. Investors are also keeping close tabs on the proposed bill to extend the Bush era tax cuts. It appears that continued resistance from Democrats has threatened the deal. Reports indicate there may be enough conservative Democrats to get the deal passed but the delay has many discouraged. There are no major reports scheduled on the economic calendar for today but reports on unemployment, consumer prices and home construction are due out later this week. The Fed is expected to release a policy statement on Tuesday. At mid day the three major indexes are in the green. DJIA is up 35.61 points or .31% to 11,445.93. Nasdaq rose 3.67 points or 0.13% to 2,641.05. S&P 500 increased 4.14 points or 0.34% to 1,244.67 The Treasuries 10-year yield is up 0.03 to 3.33%. Oil is up 0.71 to $89.07 a barrel. Gold increased 13.30 to $1398.20 an ounce. The dollar is down 0.0091 to the Euro at $1.34. Author: Pamela Frost
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