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Stocks rise on dealmaking, easing Japan worries

Stocks rise on dealmaking, easing Japan worries

U.S. stocks are rising at the opening of trading, lifted by corporate dealmaking and easing worries about Japan's nuclear crisis.
AT&T jumped 3 percent in early trading Monday. It said it would buy T-Mobile USA for $39 billion in cash and stock. The deal still has to be approved by regulators.
Citigroup said it would return to paying a dividend by the end of June. It will pay a penny a share after undergoing a 1-for-10 reverse stock split. It follows JPMorgan Chase, Wells Fargo and other banks to lift payouts.
The Dow Jones industrial average is up 132 points, or 1.1 percent, to 11,990 in morning trading. The S&P 500 is up 14, or 1.1 percent, to 1,294. The Nasdaq composite is up 31, or 1 percent, to 2,675.


Updated : 2021-06-22 19:06 GMT+08:00