Stocks Stage Pre-Election Rally

A brace of M&A news lifted major indexes. Analysts think an outright victory by either party could cause a sharp, short-term swing in the market

Stocks finished broadly higher Monday, boosted by some large buyout proposals. The docket for economic data was quiet this session ahead of Tuesday's congressional elections. Big money reportedly flowing in from Europe may also have lifted sentiment, amid indications Republican candidates may be narrowing the gap against their Democratic rivals, says Standard & Poor's Equity Research.

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