U.S. stocks are rising in early trading Thursday as technology companies like Apple resume their upward march. Software company CA is soaring after chipmaker Broadcom agreed to buy it for $18.9 billion. Health care and industrial companies are also higher.
KEEPING SCORE: The S&P 500 index gained 13 points, or 0.5 percent, to 2,787 as of 10 a.m. Eastern time. The Dow Jones Industrial Average rose 159 points, or 0.7 percent, to 24,869. The Nasdaq composite advanced 50 points, or 0.7 percent, to 7,767. The Russell 2000 index of smaller-company stocks was unchanged at 1,683.
The S&P 500 fell 0.7 percent Wednesday as new trade threats between the U.S. and China led to big losses for industrial, energy and materials companies. Those stocks regained a fraction of their losses.
CHIP SHOPPING: CA accepted an offer from Broadcom worth $18.9 billion, or $44.50 per share. Its stock rocketed 18.1 percent to $43.95 while Broadcom, which plans to take on $18 billion in debt to pay for CA, lost 17.5 percent to $200.75.