Dow Closes Up 180, Nasdaq up 41

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Wall Street rallied on a burst of optimism Monday as the multibillion-dollar buyout of HCA Inc. and upbeat earnings from a pair of drugmakers tempered anxiety about an economic slowdown, the Associated Press reports. The Dow Jones industrial average soared more than 180 points.


Acquisitions led the day’s headlines, with three equity firms agreeing to take hospital operator HCA private for $21.3 billion of cash and the assumption of $11.7 billion in debt, marking the largest-ever leveraged buyout. Advanced Micro Devices Inc. also acquired ATI Technologies Inc. for $5.4 billion.

According to preliminary calculations, the Dow surged 182.67, or 1.68 percent, to 11,051.05.

Broader stock indicators were also higher. The Standard & Poor’s 500 index added 20.62, or 1.66 percent, to 1,260.91, and the Nasdaq jumped 41.45, or 2.05 percent, to 2,061.84.


Read the full Associated Press story

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Today’s Winners & Losers


IMPCO Technologies Inc. gained 11.5 percent to close at $10.90 while PFF Bancorp Inc. gained 8.6 percent to close at $36.98 and Valueclick Inc. gained 6.6 percent to close at $14.21.


On the other end were Enova Systems Inc., which lost 11.25 percent to close at $3.55, Emak Worldwide, which dipped 7.4 percent to close at $4.51 and Staar Surgical, which lost 6.2 percent to close the day at $6.94 a share.

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