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VOL. 39 | NO. 22 | Friday, May 29, 2015

US stocks gain broadly after Intel deal for chip designer

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NEW YORK (AP) — U.S. stocks are closing modestly higher after some encouraging economic reports and a big acquisition in the semiconductor industry.

Chip designer Altera jumped 6 percent Monday, the most in the Standard & Poor's 500 index, after the company agreed to be bought by Intel for $17 billion in cash.

The Dow Jones industrial average rose 29 points, or 0.2 percent, to 18,040.

The S&P 500 rose four points, or 0.2 percent, to 2,111. The Nasdaq composite climbed 12 points, or 0.3 percent, to 5,082.

The price of crude oil slipped 10 cents to $60.20 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.18 percent.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0