The US stock indexes finished the Tuesday session by hitting record highs.
Dow Jones Industrial Average Index rose 118.95 points (0.58%) to 20743 points, Standard & Poor's 500 rose 14.22 points (0.6%) to 2,365.38 points, and NASDAQ Composite gained 27.37 points (0.47%) to 5865.95 points.
Indexes rose amid oil price increase. In addition, investors are following the news on the M&A deals and corporate reporting.
Oil has increased on Tuesday by nearly 1% on optimism about production cuts by OPEC countries. The share price of oil companies ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) rose 0.3% and 1.2% respectively.
The share price of Apple Inc (NASDAQ: AAPL) rose 0.7% and is at a record level of $ 138 per share due to a positive forecast by Morgan Stanley (NYSE: MS). The bank's analysts expect good Apple sales in China.
Yahoo! Inc (NASDAQ: YHOO) agreed to reduce the price of its Internet business telecommunications division by $ 350 million in a deal with Verizon. The price reduction comes after the scandal on the leak of personal data of at least 500 million users. Now, Verizon will pay Yahoo $ 4.48 billion instead of $ 4.83 billion.
Yahoo shares rose Tuesday by 0.9%, while Verizon share price went up by 0.5%.
Kraft Heinz securities decreased in price by 2% since the food manufacturer decided to abandon the intention to acquire the British Unilever (AS: UNc).
The capitalization of restaurant chain Popeyes Louisiana Kitchen Inc jumped 19% after the company Restaurant Brands International, owner of Burger King, agreed to buy it for $ 1.8 billion.
Shares of retailer Home Depot rose 1.4%. The largest US chain of stores for home goods increased profit and revenues in the fourth quarter of the last fiscal year and increased dividend payments.
The value of Wal-Mart Stores Inc shares (NYSE: WMT), the world's largest retailer, rose 3%. The company reduced its profit in the fourth fiscal quarter, but the index was better than the expectations.
The market value of gas pipeline operator Williams Cos. increased by 2.4%. The company reported an increase in its quarterly dividend by 50%, to 30 cents per share.