Stocks Gain, Bond Yields Surge on Trump Victory; Samsung to Acquire Harman International

U.S. stocks moved slightly higher Monday, as investors continued to parse Donald Trump's presidential victory last week.
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U.S. stocks moved slightly higher Monday, as investors continued to parse Donald Trump's presidential victory last week. The dollar surged to an 11-month high and bond yields spiked with the 10-year Treasury yield nearing its 2016 high. This as investors brace for fiscal stimulus and the expectation of higher interest rates under a Trump presidency. In deal news, Samsung Electronics (SSNLF) has agreed to purchase Harman International (HAR) for $8 billion in cash, or $112 a share. That's a 28% premium to Harman's closing stock price on Friday. Harman manufactures automotive technology. Siemens (SIEGY) has announced plans to purchase Mentor Graphics (MENT) for $4.5 billion or $37.25 a share. This represents a 21% premium to Mentor's closing stock price Friday. The deal will bolster Siemens' industrial software exposure. TheStreet's Scott Gamm reports from Wall Street.