Dow Hits Record High on Merger News

News Corp.'s buyout offer for Dow Jones & Co. helped spark buying. Economic reports were mixed

Stocks gained ground Tuesday on news that News Corp. (NWS) made a $60 per share unsolicited offer for Dow Jones & Co. (DJ). Economic news was mixed, with a key manufacturing index coming in stronger than expected and the pending home sales index dropping more than forecast, while oil prices retreated.

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