US stocks move higher ahead of Fed meeting
Wall Street extended its advance today as investors considered several takeover developments and placed bets ahead of the Federal Reserve’s decision on interest rates.
A series of recent acquisition announcements has reassured investors that corporations still feel the economy is robust enough to strike deals. About 45.4 billion worth of acquisitions were announced by Standard & Poor’s 500 companies last week, setting up this year to be the best for M&A since 2000.
