U.S. Stocks Open Higher on Monday; VMware Stock Jumps 19%

Tiger Newspress2022-05-23

Stocks jumped on Monday as the market tried to recover some of the losses from a relentless sell-off that has gripped Wall Street.

The Dow Industrial Average rose 327 points, or 0.8%. The S&P 500 gained added 0.7%, and the Nasdaq Composite advanced 0.7%.

Shares of VMWare jumped more than 19% after Bloomberg News and Reuters reported, citing sources, that chipmaker Broadcom is in talks to acquire the cloud services company. Broadcom shares fell 3.5%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
14