US Markets Cautious Ahead of Fed Meeting - DAX Slightly Up - Paramount Outbids Netflix in Bidding War for Warner - Kymera Explodes After Positive Study on Inflammatory Drug - Carvana and CRH Added to S&P 500 - IBM Near Possible Acquisition of Confluent
Reading Time: 9 minutes
Tech Stocks Lead the Market at the Start of the Week The US markets start cautiously into the week before the Fed meeting, led by technology stocks and companies in the M&A sector. The Nasdaq 100 rises by 0.34%, while the S&P 500 (-0.27%) remains nearly unchanged. The market is buoyed by the announcement of IBM (+0.53%), Confluent (+28.38%) acquiring for around $9.3 billion, as well as by a hostile takeover bid from Paramount Skydance (+3.48%) for Warner Bros. Discovery (+6.44%) , following potential antitrust concerns arising against Netflix’s...
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