Updated from 1:38 p.m. EDT
Financial stocks clambered upward on Monday, largely hemmed in with the upper tiers of the broader market as takeout talks propelled International Securities Exchange (ISE Quote) spectacularly higher.
Reports emerged around midday that the ISE has accepted Deutsche Borse's offer to buy the options exchange for $67.50 a share in cash, or $2.8 billion -- a 47.6% premium to its latest closing price. The German exchange launched the bid through its Eurex joint venture with SWX Swiss Exchange. ISE shares rocketed $20.97, or 45.9%, to $66.69.
The NYSE Financial Sector Index, of which the ISE is a component, enjoyed a 0.2% spike to 9,828.30 earlier in the day but then lost 0.7% to 9739.75. The KBW Bank Index also rose earlier in the day, to 117.14, before falling 0.7% to 116.06. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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154.48
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19.14
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37.61
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0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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