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Closing Bell: HP Inc. Up on Hewlett-Packard Split; Stocks Rally

U.S. markets ended Monday's session in the green as deal news boosted the health care sector following Shire's announcement that it would acquire drugmaker Dyax.

It was another merger Monday as Shire (SHPG) agreed to acquire drugmaker Dyax (DYAX) for a healthy premium. Deal news boosted the health care sector, leading to broader gains across markets on Monday. Investors placed bets on the PC business after Hewlett-Packard officially split into two companies. Hewlett Packard Enterprise (HPE) which consists of the data storage and servers business fell, while HP Inc. (HPQ) which holds the PC and printer units surged more than 12 percent. Pandora (P) shares moved higher after the company announced it will be the exclusive streaming partner for popular podcast 'Serial.' Sprint (S) climbed after disclosing plans to cut fiscal 2016 costs by up to $2.5 billion, roughly 10 percent of its expenses.

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